Topic: Unemployment Insurance

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Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Why 'temporary' tax cuts never die: Payroll tax and 3 other examples

One last bit of business for Congress in 2011 is to extend the tax breaks or tax fixes that, though designated “temporary,” get renewed year after year. Sixty-seven tax provisions set to expire Dec. 31. About half are typically extended retroactively.
Unemployment benefits 101: four basic questions answered

Like last year, Congress is debating whether to reauthorize extended unemployment insurance. At stake as early a January are benefits for some 1.8 million Americans who currently receive unemployment. Here are the different scenarios and ramifications of what could happen:
How the tea party can 'agree' with Occupy movement's demands

Given the somewhat amorphous slogans of the Occupy Wall Street movement, members of the tea party may be wondering if they should join the fray. University of Denver law professor Robert Hardaway suggests how the tea party might “agree” with five of the Occupy movement's top demands – in its own way:
What can Congress do to create jobs? Five Democratic proposals.

Amid fears that the economy may be headed into a second recession, both Republicans and Democrats say creating jobs is their top priority. But the two parties are far apart on their approaches. Here are the Democrats' top five priorities.

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HP jump boosts Dow; stocks mixed

Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.
Paper Economy
Unemployment claims drop

Seasonally adjusted 'initial' unemployment declined to 370,000 claims from last week’s revised 372,000 claims while 'continued' claims declined by 29,000, resulting in an 'insured' unemployment rate of 2.6 percent.
Could 'fiscal cliff' push US into recession? Five questions answered.

The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
Decoder Wire
Democrats return fire after John Boehner's opening debt-ceiling salvo (+video)

Democrats charge that John Boehner's renewed call for spending cuts as a condition to raise the debt ceiling is 'dangerous,' recalling the standoff last summer that drove consumer confidence – and Congress's approval rating – sharply down.
Paper Economy
Food stamp use continues to rise

In February, 123,385 recipients were removed from the food stamps program with the current total still increasing 4.81 percent on a year-over-year basis while household participation increased 6.56 percent.
With meager jobs growth, 'time running out' for Obama (+video)

The 2012 presidential election may hang on voters' perceptions about the economy, and Friday's report that just 115,000 jobs were created in April won't do much to help Obama. What's the outlook for the months ahead?
Unemployment drops sharply, Labor Department says

Weekly unemployment benefit applications dropped by 27,000 last week, a positive sign for employment broadly.
Paper Economy
Jobless claims fall

Initial jobless claims declined to 365,000 claims from last week’s revised 392,000 claims, while continued claims for unemployment benefits  declined by 53,000 resulting in an “insured” unemployment rate of 2.6 percent
US stocks boosted by home sales, corporate earnings

US stocks edged higher Thursday, pushed up by a batch of bright earnings reports and encouraging news about home sales. The Dow rose 113 points to close at 13204
Paper Economy
Extended unemployment claims increase

Seasonally adjusted 'initial' unemployment claims declined to 388,000 from last week’s revised 389,000 , but seasonally adjusted 'continued' claims increased by 3,000 resulting in an 'insured' unemployment rate of 2.6 percent.
Paper Economy
Initial jobless claims fall slightly

Initial jobless claims declined to 386,000 from last week’s revised 388,000, while seasonally adjusted continued claims increased by 26,000, resulting in an “insured” unemployment rate of 2.6 percent.
Stocks surge, led by Hewlett-Packard

In a surge spearheaded by a big gain by Hewlett-Packard, the Dow Jumped 181 points to close at 12986, snapping out of a five-day slump.
Paper Economy
Unemployment claims fall to a four-year low

Initial jobless claims  declined to 357,000 claims from last week’s revised 363,000 claims, while seasonally adjusted “continued” claims declined by 16,000 resulting in an “insured” unemployment rate of 2.6 percent.
Paper Economy
Food stamp use down in January

In January, 64,307 recipients were removed from the food stamps program, but participation continues to rise on a year over year basis.
Stocks mixed; Dow rallies late

After dropping as much as 94 points earlier Thursday, the Dow rallied late in the day to close up 19 points, at 13145.
Paper Economy
Jobless claims continue to fall

Initial jobless claims declined to 359,000 claims from last week’s revised 364,000 claims, while seasonally adjusted “continued” claims declined by 41,000 resulting in an “insured” unemployment rate of 2.6 percent.
Paper Economy
Jobless claims drop lower and lower

Initial jobless claims  declined to 348,000 claims from last week’s revised 353,000 claims, while continued claims declined by 9,000 resulting in an 'insured' unemployment rate of 2.6 percent
Drug testing: Florida aims to be first to test public workers

New Florida drug-testing law allows agency heads to randomly test public workers for illegal drugs, prescription drugs, and alcohol. But it exempts the governor and state legislators.
Paper Economy
Long-term unemployment drops

Workers unemployed 27 weeks or more declined to 5.426 million or 42.6 percent of all unemployed workers
Stocks rise as Greece nears debt swap deal

The Dow gained 70 points to close at 12907 Thursday as Greece closed in on a deal to restructure its debt and avoid a default.
Paper Economy
Jobless claims increase, but trending lower

Initial jobless claime increased to 362,000 claims from last week’s revised 354,000 claims while seasonally adjusted “continued” claims increased by 10,000 resulting in an “insured” unemployment rate of 2.7 percent.
Paper Economy
US jobless claims remain near 4 year low

Initial jobless claims declined to 351,000 claims from last week's 353,000 claims, while continued jobless claims fell by 2,000. 
Paper Economy
Extended unemployment claims drop by 52,000

Initial jobless claims went unchanged at 351,000 claims, but  “continued” claims for jobless benefits declined by 52,000.
Payroll tax vote exposes divisions within each party

Despite the bipartisan support for the payroll tax bill, blocks in both parties had reservations: Republicans angry that the measure was not paid for, and Democrats worried about the health of Social Security.
Payroll tax 101: What the changes mean for you

The House and Senate passed a payroll tax cut extension for 160 million Americans Friday. Among other provisions, the bill adjusts downward the duration of unemployment benefits.