Alberta, Canada, sees 91 percent spike in employment insurance recipients

layoff employment Insurance Industry - Alberta, Canada

The province that had previously had a boom in job availability is now facing astounding unemployment rates. New research from Statistics Canada has shown that the province of Alberta has reached a tremendous increase in employment insurance recipients when compared to the rate in January 2015. The Statistics Canada data has shown that the figure in January 2016 is a massive 91 percent higher. In fact, across the country, the number of people receiving employment insurance has increased by 7 percent, but the majority of that figure is actually the…

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Layoff insurance is thriving in the current economic situation in Alberta

layoff employment Insurance Industry - Alberta, Canada

Residents of the Canadian province are paying about $50 per month, per person, just in case. A new form of standalone layoff insurance is increasing in popularity in Alberta, Canada, and this is being seen as a fresh indicator that an economic downturn has made its way into the province. Thousands of layoffs have already occurred in the province, particularly within the energy industry. In response, an insurer is hoping to be able to profit and help people at the same time, providing them with both peace of mind and…

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State of the Union speech draws attention to wage insurance

unemployment wage insurance

President Obama brought up the topic of a long history of labor protection and the need for support for the unemployed. During the last State of the Union speech from President Barack Obama, he mentioned the topic of labor protection that has a lengthy history within the country and, within this subject, he brought up the concept of wage insurance. He underscored the importance of work done on the unemployment insurance and job-training programs currently available. Following the statement he made about the need for improvement in unemployment insurance and…

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State’s Unemployment Insurance Fund is falling behind on repaying federal debt

unemployment insurance

California still owes the federal government $8 billion on a loan California is falling behind on repaying a loan to the federal government. The state borrowed $10 billion from the federal government in order to ensure the recovery of its troubled Unemployment Insurance Fund. The fund exists as an insurance pool that is designed to cover the financial issues related to lack of employment. The economic recession that hit the country in 2008 and persisted through the following years placed the fund under a great deal of financial strain. Higher…

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Unemployment insurance program amps up fraud detection

unemployment wage insurance

The program will now be receiving assistance in being able to spot “suspicious patterns” among those claiming benefits. The struggling unemployment insurance program in California is now working with Pondera Solutions in order to be able to detect fraud more effectively and save the program – and tax payers – money. This new partnership is meant to help to boost the technology capabilities of the program. The unemployment insurance program in California is currently operating on an old computer system that was causing thousands of legitimate claims for benefits to…

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Unemployment insurance costs addressed in Massachusetts

Unemployment Insurance

New legislation focused on unemployment insurance costs passes in Massachusetts Massachusetts businesses are expected to save money on their unemployment insurance coverage thanks to new legislation that has been signed into law by Governor Deval Patrick. The legislation is a compromise between lawmakers that want to raise the state’s minimum wage and those that want to take action on unemployment throughout Massachusetts. The new law is expected to be well received among the state’s businesses, many of whom have been expressing concerns regarding the costs of unemployment coverage. Legislation aims…

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Unemployment insurance claims increase in Louisiana

unemployment insurance

The state’s weekly filings for first time claimants are now on the rise. According to a recent report on the figures regarding the first time claims for unemployment insurance in Louisiana, during the week that ended on June 7, the state experienced a weekly filing increase that was quite significant. Though the previous week’s total had been 2,976, the most recent figures rose to 3,292. That is a massive increase to experience from one week to the next, but the state labor department expressed that those unemployment insurance figures were…

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Unemployment insurance claims for first timers on the rise in Louisiana

unemployment wage insurance

The state has now started to see an increase in the number of people claiming when they hadn’t the week before. The official report from the Louisiana Workforce Commission has shown that the number of first time claims for unemployment insurance in the state for the week that ended on May 17 showed an increase over the number that had been recorded during the week before. In one week, the number of first time claims rose from 2,209 to become a notably higher 2,343. That said, while these unemployment insurance…

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Unemployment insurance proposal achieves bipartisan Senate support

Unemployment Insurance extension

A new deal has been reached in order to lengthen the long term coverage by another five months. A bipartisan senator group has now come to a deal that will allow the federal long term unemployment insurance program to be extended for an additional five months. This agreement has arrived after several months of focused negotiations and will be applied retroactively. The unemployment insurance will be distributed retroactively to those whose benefits expired at the close of last year. The price tag that comes with extending these benefits will be…

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Unemployment insurance expires, leaving many without financial support

Federal insurance comes to an end Unemployment insurance has become a very complicated situation in the U.S. and one that is surrounded by controversy. The federal government’s unemployment insurance program has officially expired, leaving approximately 1.3 million people without benefits. Many of these people had relied on their benefits for financial stability as it was their only source of income. With a still turbulent economy, these people have been finding it difficult, if not impossible, to find new jobs. Federal lawmakers have been working to address the issues, feeling the…

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