Unemployment Archive
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Off the Charts Blog: In Case You Missed It...
May 24, 2013
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Policy Basics: How Many Weeks of Unemployment Compensation Are Available?
Updated May 20, 2013
The unemployment insurance (UI) system helps many people who have lost their jobs by temporarily replacing part of their wages. (See “Introduction to Unemployment Insurance.”) The total number of weeks of benefits available in any particular state depends on the unemployment rate and unemployment insurance laws in the state where the person … -
Statement by Chad Stone, Chief Economist, on the April Employment Report
May 3, 2013
Today’s jobs report shows that labor markets still bear the scars of the Great Recession despite 38 straight months of private-sector job growth and a drop in the unemployment rate from 7.9 percent to 7.5 percent since January. Unemployment remains stubbornly high and many people who would likely have a … -
Chart Book: The Legacy of the Great Recession
Updated May 3, 2013
The United States went through its longest, and by most measures worst economic recession since the Great Depression between December 2007 and June 2009. This chartbook will document the course of the economy following that recession against the background of how deep a hole the recession created … -
Policy Basics: Federal Payroll Taxes
Updated April 15, 2013
The federal government levies payroll taxes primarily on wages and self-employment income and uses most of the revenue to fund Social Security, Medicare, and other social insurance benefits. Federal payroll taxes generated $845 billion in 2012, or 35 percent of all federal revenues (see “Policy Basics: Where Do Federal Tax Revenues Come From?”). … -
President Obama’s Deficit-Reduction Package and Other Proposals in the 2014 Budget
April 11, 2013
The President’s 2014 budget is presented in two parts. One part includes the package of deficit- reduction policies that the President included in his last offer to Speaker Boehner during the “fiscal cliff” negotiations in December 2012. This package would reduce the deficit by $1.8 trillion over the next decade … -
Statement by Chad Stone, Chief Economist, on the March Employment Report
April 5, 2013
Today’s jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder … -
Testimony of Chad Stone, Chief Economist, on Unintended Consequences: Is Government Effectively Addressing the Unemployment Crisis?
February 14, 2013
Mr. Chairman and members of the subcommittee, thank you for the opportunity to testify on this important topic. The first half of my testimony focuses on the macroeconomic roots of our current jobs crisis and the second part focuses specifically on unemployment insurance. There is no doubt that the United States continues to suffer a … -
Testimony of Robert Greenstein, President, Before Senate Budget Committee
February 13, 2013
I appreciate the invitation to testify today on the impact of federal budget decisions on families and communities. This is an important matter. As you know, the nation will have to make tough decisions to put the budget on a more sustainable fiscal course. The issue is not only whether policymakers act to secure adequate … -
Introduction to Unemployment Insurance
Updated February 6, 2013
The federal-state unemployment insurance system (UI) helps many people who have lost their jobs by temporarily replacing part of their wages while they look for work. Created in 1935, it 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 … -
Testimony of Jared Bernstein, Senior Fellow, Before the House Education and Workforce Committee
February 5, 2013
Chairman Kline and ranking member Miller, I thank you for inviting me to testify today on issues directly in the wheelhouse of this committee: education, skills, and jobs. My testimony begins by looking at the current jobs situation with an emphasis on educational investments. I then discuss ways in which recent budget cuts are threatening the … -
Statement by Chad Stone, Chief Economist, on the January Employment Report
February 1, 2013
Employers continued to add jobs in January (see chart), but the economy must grow faster to bring unemployment down more quickly. Instead, the recovery apparently has hit a soft patch, and both growth and job creation could slow further if policymakers let the automatic across-the-board … -
Statement by Chad Stone, Chief Economist, on the December Employment Report
January 4, 2013
The economy added private sector jobs for the 34th straight month in December, but a robust recovery remains elusive, long-term unemployment remains very high (see chart), and threats to the economy from misguided policies in Washington remain significant. Policymakers appropriately renewed …
