Unemployment Archive
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Podcast: Update on the Recovery Act
December 22, 2009
Two key provisions in the Recovery Act – unemployment insurance and COBRA – and suggestions for Congress are discussed by Chief Economist, Chad Stone.
Duration: 5:04
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Podcast: The November Employment Report and What it Means for the Economy
December 4, 2009
The jobs report for November is discussed by Chief Economist, Chad Stone.
Duration: 4:05
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Statement: Chad Stone, Chief Economist, on the November Employment Report
December 4, 2009
Today’s report that the pace of job losses has dramatically abated is the most encouraging in a long time, but serious problems remain for unemployed job-seekers. The number of people who have been unemployed for 27 weeks or more continued to climb in November, and these long-term … -
New CBO Report Finds Recovery Act has Preserved or Created up to 1.6 Million Jobs
December 3, 2009
View the most recent version of this report: New CBO Report Finds Hundreds of Thousands of People Still Owe Their Jobs to the Recovery Act Updated May 29, 2012 A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) had preserved or created between 600,000 and 1.6 million jobs as of … -
Recent GAO Report on Recovery Act’s Jobs Impact Widely Misunderstood
Updated December 1, 2009
Many observers have misread a November 19 report from the Government Accountability Office (GAO) examining the government’s claim that the part of this year’s American Recovery and Reinvestment Act (ARRA) consisting of grants, contracts, and loans has created or saved roughly 640,000 jobs to date.[1] Some observers have … -
Video: Assessing Job Creation in the Stimulus Package
November 30, 2009
Fox News Cites CBPP on the Number of Jobs Saved or Created by Recovery Act
Duration: 0:41 -
The Administration’s October 30 Data Release on Jobs Created by the Economic Recovery Law: What it Told Us and What it Didn’t
Revised November 25, 2009
The Obama Administration’s October 30 release of data on jobs created and saved by the American Recovery and Reinvestment Act (ARRA), which the Administration and Congress enacted early this year, captured only a portion of the jobs created and saved due to ARRA’s limited reporting requirements. According to the Government Accountability Office, ARRA’s reporting system … -
Relief for States and Struggling Families Provides Substantial Boost to Employment
November 20, 2009
The economy is in a very deep hole and faces a long climb back to full employment. Policymakers can make that climb easier by extending or bolstering key provisions of the American Recovery and Reinvestment Act (ARRA) enacted at the start of the year — particularly those related to unemployment insurance and state … -
Podcast: The October Employment Report and What It Means for the Economy
November 6, 2009
The jobs report for October is discussed by Chief Economist, Chad Stone.
Duration: 2:35
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Statement: Chad Stone, Chief Economist, on the October Employment Report
November 6, 2009
Today’s jobs report shows that although the economy turned up in the third quarter, the labor market did not. The unemployment rate crossed into double digits in October, and payrolls shrank for the 22nd straight month. The economy is in a very deep hole and faces a long climb back to full … -
Statement: Chad Stone, Chief Economist, on the September Employment Report
October 2, 2009
Today’s 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. … -
Podcast: Discussing the September Employment Report and What It Means For the Economy
October 2, 2009
The jobs report for September is discussed by Chief Economist, Chad Stone.
Duration: 3:20
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Harsh Labor Market Conditions Justify Extending Unemployment Benefits in Hard-Hit States
Updated September 23, 2009
On September 22, the House passed H.R. 3548, the Unemployment Compensation Extension Act of 2009, by an overwhelming bipartisan majority of 331 to 83. This legislation, which if enacted would provide additional weeks of unemployment insurance benefits in states with the highest unemployment rates, is an appropriate response to the continuing harsh conditions in the … -
Podcast: Discussing the July Employment Report and What it Means for the Economy
August 10, 2009
I’m Shannon Spillane. We’re joined by the Center’s Chief Economist, Chad Stone. 1. Chad, many people looking at the jobs report for July say that it wasn’t as bad as experts were predicting. But I know you found some data in the report that were troubling. What did you … -
Statement: Chad Stone, Chief Economist, on the July Employment Report
August 7, 2009
Today’s employment report shows that labor market conditions remain extremely harsh for job-seekers, generating a record level of long-term unemployment. One third of the unemployed (33.8 percent) have been looking for work for 27 weeks or more — the highest percentage ever … -
Statement by Chad Stone, Chief Economist, on the Second-Quarter Economic Growth Report
July 31, 2009
Today’s report on second-quarter economic growth shows that the economy is no longer in free fall. It also provides evidence that the economic recovery legislation that the Administration and Congress enacted earlier this year is doing what it was reasonably expected to do. No … -
Podcast: Discussing the May Employment Report and What it Means for the Economy
June 8, 2009
"[May's] jobs report shows a labor market that is still deteriorating but that offers signs that the worst of the current recession may be over.
"Job losses in May, while still high at 345,000, were less than half of January’s level. The unemployment rate jumped to 9.4 percent but, for the second month in a row, the labor force grew as more people entered it to look for work than left it."
Duration: 4:10
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Statement: Chad Stone, Chief Economist, on the May Employment Report
June 5, 2009
Today’s jobs report shows a labor market that is still deteriorating but that offers signs that the worst of the current recession may be over. Job losses in May, while still high at 345,000, were less than half of January’s level. The unemployment rate jumped to 9.4 percent but, for the second month in a row, the labor force grew as more people … -
Podcast: Discussing the April Employment Report and What it Means for the Economy
May 8, 2009
"Today’s jobs report brings more sobering news about the depth and duration of the recession. Even if the economy hits bottom soon and begins growing again, it will take time to reverse the severe job losses and sharp increase in unemployment that have already occurred.... [I]t is important that as many states as possible take advantage of the incentive funding to modernize their [unemployment insurance] programs."
Duration: 5:57
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Statement by Chad Stone, Chief Economist, on the April Employment Report
May 8, 2009
Today’s jobs report brings more sobering news about the depth and duration of the recession. Even if the economy hits bottom soon and begins growing again, it will take time to reverse the severe job losses and sharp increase in unemployment that have already occurred. The official unemployment rate hit 8.9 … -
Video: Robert Greenstein Discusses the President's Budget on Washington Journal
May 8, 2009
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Statement by Chad Stone, Chief Economist, on the March Employment Report
April 3, 2009
With the continued sharp deterioration in the labor market in March, the pace of job losses in this recession now is far worse than even during the deep 1981-82 recession. Thus, Congress acted wisely this week in rejecting calls to cut federal spending in 2010, at a time when the economy clearly will still be quite weak and need continued … -
Medicaid and CHIP Eligibility Is Protected For Jobless Families That Receive Boost in Unemployment Benefits
March 20, 2009
An estimated 17.9 million jobless workers who become unemployed in 2009 will see their unemployment benefits increase by $25 per week under the American Recovery and Reinvestment Act (ARRA).[1] While unemployment benefits typically are included as income when determining eligibility for Medicaid and CHIP, ARRA excludes this additional $25 per week from the … -
Statement by Chad Stone, Chief Economist, on the February Employment Report
March 6, 2009
The sharp deterioration in the job market that continued in February was, as expected, grim, underscoring why it was so important that Congress enact an effective economic recovery law last month. No one should expect that law to put the economy back on track immediately. But if federal, state, and local governments implement the law … -
Testimony: Sharon Parrott at the Hearing "Building a Foundation for Families: Fighting Hunger, Investing in Children" before the House Budget Committee
February 12, 2009
Thank you for the opportunity to speak with you today about the current recession, its impacts on poverty and families, and the recovery package. The current recession already has pushed up the unemployment rate from 4.9 percent in December 2007 to 7.6 percent in January 2008. Alternative measures of the labor market paint a bleaker picture.… -
Statement by Chad Stone, Chief Economist, on the January Employment Report
February 6, 2009
With job losses mounting and the recession deepening, there is no time to waste enacting the economic recovery package now before the Congress. That package will provide needed benefits to unemployed workers, and it would help stem the tide of job losses and moderate the severity of the downturn. The recession that began in December 2007 has … -
Statement: Chad Stone, Chief Economist, on the December Employment Report
January 9, 2009
Another dismal jobs report shows that the recession is deepening and confirms the need for a substantial and well-targeted economic recovery package. The assistance for unemployed workers described below should be a key component of that package. The recession that began in December 2007 is … -
Unemployment Insurance Reforms Should Be Part of Economic Recovery Package
January 6, 2009
As part of the forthcoming economic recovery package, Congress and President-elect Obama are reportedly considering a series of reforms to the unemployment insurance (UI) system. These reforms, based on the recommendations of a bipartisan advisory council, would encourage states to modernize the program (which was designed in the 1930s) so that fewer workers — …
