Early data shows ending unemployment insurance didn’t boost employment

Unemployment insurance form

Many states seeking to fill vacant jobs with this strategy have not seen the results they sought. Early US Census Bureau data shows that the push made by several states to end unemployment insurance in order to fill vacant jobs has not panned out as they wanted. The elimination of the additional pandemic financial support didn’t increase employment numbers. University of Massachusetts Amherst economics professor Arindrajit Dube used Household Pulse Survey data recently collected by the US Census Bureau to determine that bringing the pandemic-related unemployment insurance to an end…

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Unemployment insurance extension vote to occur this week

Unemployment Insurance extension

As early as today, Senate Democrats will be moving to vote to extend the benefits for another three months. This week, as early as today, Democrats in the Senate will be making a push to hold a vote on a three month unemployment insurance extension to add another three months of benefits for the 1.3 million Americans whose benefits ran out just after the holidays. As of yet, nothing has been decided, but the Democrat Senator behind the effort said they will make a hard push. According to Rhode Island’s…

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Unemployment insurance bill to extend the coverage in the works

Unemployment Insurance

This is developing into an effort that has bipartisan support as a Republican senator has jumped on the bandwagon. According to the Rhode Island Democrat Senator Jack Reed, he will be introducing a bill that would extend the long term federal unemployment insurance program by three months, and this proposal has a Republican co-sponsor. The hope is that there will be a procedural vote on this topic as early as January 6. Senator Reed discussed the importance of the unemployment insurance bill, stating that “This is not a program that…

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Federal unemployment insurance thrust into the limelight

President Obama health insurance Obamacare

Obama speaks out about federal unemployment insurance program In the U.S., a federal unemployment insurance program is set to expire at the end of this year. President Barack Obama this week warned federal lawmakers not to let this program expire or it could spell disaster for long-term jobless individuals. During a press conference held on Wednesday, Obama criticized the Plan B proposal on a number of fronts, one of which includes its refusal to address the unemployment issue. Plan B does not account for insurance woes The Plan B proposal…

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