Unemployment
Statement: Chad Stone, Chief Economist, on the September Employment Report
"[The] jobs report shows that employers will need stronger evidence of a reviving economy before they will start adding workers to their payrolls. Employers shed jobs for the 21st straight month in September (see graph) and the unemployment rate edged up to 9.8 percent." Read more
Related:
Podcast: Discussing the September Unemployment Report and What It Means For the Economy
Analyses
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Relief for States and Struggling Families Provides Substantial Boost to Employment
November 20, 2009
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Podcast: The October Unemployment Report and What It Means for the Economy
November 6, 2009
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Statement: Chad Stone, Chief Economist, on the October Employment Report
November 6, 2009
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The Administration’s October 30 Data Release on Jobs Created by the Economic Recovery Law: What it Will Tell Us and What it Won’t
October 28, 2009
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Podcast: Discussing the September Unemployment Report and What It Means For the Economy
October 2, 2009
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Background
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
