Chad Stone on September Jobs Report

September’s generally solid report shows that employers are back on track creating more than 200,000 jobs a month after a dip in August.

Nevertheless, the economy has substantial room for further expansion, allowing the Federal Reserve to keep interest rates low to spur higher employment without igniting unacceptable inflation.

Moreover, policymakers should not worry about inflation even if wages begin to grow faster than they have so far in the recovery. Read more




Emergency Jobless Benefits Cut-Off Has Hit Nearly 300,000 Veterans

The number of jobless veterans who’ve lost access to federal jobless benefits since Congress allowed Emergency Unemployment Compensation (EUC) to expire at the end of last year — which we estimated at the end of February was close to 200,000 and counting — reaching an estimated 285,000 at the end of June.



The federal-state unemployment insurance (UI) system helps people who have lost their jobs by temporarily replacing part of their wages.  Created in 1935, UI is a form of social insurance, with contributions being paid into the system on behalf of working people so that they have income support if they lose their jobs.  UI also helps sustain consumer demand during economic downturns, by providing a continuing stream of dollars for families to spend.

The UI system includes an extended benefits program, which provides additional weeks of benefits to jobless workers in states where the unemployment situation has worsened dramatically.  In addition, during and just after recessions, the federal government has historically provided funding for additional weeks of benefits in all states.

By the Numbers

Number of People Kept Out of Poverty by Unemployment Insurance
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