Unemployment : a closer look / Jacob S. Mlakar, editor.

Format:

Book

Contributor:

Mlakar, Jacob S.

Series:

Economic Issues, Problems and Perspectives

Economic issues, problems and perspectives

Language:

English

Subjects (All):

Unemployment--United States.

Unemployment.

Unemployed--United States.

Unemployed.

Unemployment insurance--United States.

Unemployment insurance.

Physical Description:

1 online resource (175 p.)

Edition:

1st ed.

Place of Publication:

Hauppauge, NY : Nova Science Publishers, c2011.

Language Note:

English

Summary:

The National Bureau of Economic Research (NBER) has declared the U.S. economy to be in recession since December 2007. In response to high unemployment, some members of Congress proposed job creation bills, following several policy steps taken since the economy entered the recession, including stimulus bills in 2008 and 2009, an unprecedented expansion in direct assistance to the financial sector by the Federal Reserve, and the Troubled Asset Relief Program (TARP). This book discusses the current unemployment outlook and analyzes policy proposals to address the issues and options for financing proposals.

Contents:

Intro

UNEMPLOYMENT: A CLOSER LOOK

CONTENTS

PREFACE

Chapter 1 UNEMPLOYMENT INSURANCE: AVAILABLE UNEMPLOYMENT BENEFITS AND LEGISLATIVE ACTIVITY

SUMMARY

INTRODUCTION

UNEMPLOYMENT COMPENSATION

Authorization

Appropriation and Outlays

Administration

Eligibility for Regular Unemployment Compensation

Broad Federal Guidelines Result in Different State Requirements

Base Period

Alternative Base Period

Extended Base Period

Base Period Provisions in the 2009 Stimulus Package

Qualifying Wages or Employment

2009 Stimulus Provisions Relating to Regular Unemployment Comp-ensation

Data Collection Considerations

Determination and Duration of Regular Unemployment Compensation

UC Benefit Financing: Unemployment Taxes on Employers

Federal Unemployment Tax Act

ARRA Temporary Changes Federal Financing of Unemployment Benefits

State Unemployment Tax Acts

Outstanding Loans from the Federal Unemployment Account

FEDERAL ADDITIONAL COMPENSATION

EMERGENCY UNEMPLOYMENT COMPENSATION PROGRAM

Previous Temporary Unemployment Compensation Extensions

EUC08 Benefit Amounts, Tiers, and Duration

Tier I

Tier II

Tier III

Tier IV

All Tiers Terminate November 30, 2010, with Grandfathering

Tier I EUC08 Eligibility Requirements

First Claimed Regular UC Benefits On or After May 7, 2006

Exhausted Regular UC Benefit

"20 Weeks" of Full-Time Insured Employment or Equivalent

Tier II EUC08 Eligibility Requirements

Exhausted Tier I EUC08 Benefit

Tier III EUC08 Eligibility Requirements

Exhausted Tier II EUC08 Benefit

At or After the Period of Tier II EUC08 Exhaustion, the State Must Currently Have At Least 6% Unemployment Rate

No Retroactive Payments

Tier IV EUC08 Eligibility Requirements.

Exhausted Tier I, Tier II, and Tier III EUC08 Benefits

At or After the Period of Tier III EUC08 Exhaustion, the State Must Currently Have At Least 8.5% Unemployment Rate

EUC08 Financing

EUC08 and EB Interactions

EXTENDED BENEFIT PROGRAM

EB Triggers May be Reviewed in 2010

EB Eligibility Requirements Beyond Requirements for Regular UC

Methods for Determining 20 Weeks of Full-Time Insured Employment

2009 Stimulus Provisions Affecting EB Level and Duration

2009 Stimulus Provisions Affecting EB Financing

SHORT-TIME COMPENSATION (WORK SHARING)

POLICY PROPOSALS THAT TARGET UNEMPLOYMENT BENEFIT EXHAUSTEES

LEGISLATIVE ISSUES

111th Congress

2010 Budget

P.L. 111-5, The American Recovery and Reinvestment Act of 2009

Unemployment Compensation Modernization

Federal Additional Compensation

ARRA Provisions Affecting the EUC08 Program

Temporary Waiver of Interest Payments and the Accrual of Interest on Advances to State Unemployment Funds

Temporary 100% EB Financing and Changes to EB Eligibility

P.L. 111-92, The Worker, Homeownership and Business Assistance Act of 2009

P.L. 111-118, The Department of Defense Appropriations Act

P.L. 111-144, The Temporary Extension Act of 2010

P.L. 111-157, The Continuing Extension Act of 2010

P.L. 111-205, The Unemployment Compensation Extension Act of 2010

Current Legislation

APPENDIX A. UNEMPLOYMENT INSURANCE BENEFITS

APPENDIX B. SUMMARY OF EUC08 PROGRAM

End Notes

Chapter 2 UNEMPLOYMENT: ISSUES AND POLICIES

THE UNEMPLOYMENT PROBLEM

POLICY STEPS TAKEN THROUGH 2009

POLICY PROPOSALS

December 2009 House Proposal (H.R. 2847)

Infrastructure Spending

Public Service Jobs

Emergency Funding

Senate Proposals

President Obama's Proposal

Incremental Jobs Tax Credit

Discussion.

Spending, Transfers, and Tax Cuts

Job Credits

ISSUES IN FINANCING JOB CREATION PROPOSALS

Redirecting TARP Funds to Finance Proposals

Chapter 3 UNEMPLOYMENT COMPENSATION (UC) AND THE UNEMPLOYMENT TRUST FUND (UTF): FUNDING UC BENEFITS

THE UNEMPLOYMENT COMPENSATION (UC) PROGRAM

Expiring Provision: FUTA Surtax

THE UNEMPLOYMENT TRUST FUND

The Unemployment Trust Fund and the Federal Budget

Unemployment Trust Fund Revenues and Distributions

State Unemployment Tax Revenues Are Credited to the State Un-employment Accounts Within the Unemployment Trust Fund

Federal Unemployment Taxes Are Credited to the ESAA

Each Month, the ESAA Distributes 20% of the Net Monthly Activity to the EUCA

Other Unemployment Trust Fund Expenditures (Reed Act Distributions)

Loans to Insolvent Accounts

Chapter 4 UNEMPLOYMENT COMPENSATION (INSURANCE) AND MILITARY SERVICE

UNEMPLOYMENT COMPENSATION BENEFIT ELIGIBILITY FOR FORMER MILITARY PERSONNEL

UCX Eligibility and Benefit Level

Self-Employed and Sole Proprietor Ex-Servicemembers

UCX Financing

CIVILIAN SPOUSES WHO QUIT EMPLOYMENT BECAUSE OF MILITARY SPOUSE TRANSFERS

Transferred Spouse Exception (Unconditional on Military Service)

Military Spouse Exception

IMPACT OF MILITARY SERVICE ON EMPLOYERS' STATE UNEMPLOYMENT TAXES

Chapter 5 DOES UNEMPLOYMENT INSURANCE INHIBIT JOB SEARCH?

UNEMPLOYMENT INSURANCE DOES NOT DISCOURAGE JOB SEARCH BEHAVIOR

THE CURRENT LABOR MARKET PROVIDES FEW OPPORTUNITIES FOR UNEMPLOYED WORKERS

UNEMPLOYMENT INSURANCE AS EFFECTIVE FISCAL STIMULUS

Chapter 6 UNDERSTANDING THE ECONOMY: WORKING MOTHERS IN THE GREAT RECESSION

MOTHER'S DAY 2010: AN UPDATE ON WORKING MOMS.

FAMILIES DEPEND ON MOTHERS' EMPLOYMENT

MARRIED MOTHERS SEARCH FOR WORK TO IMPROVE THEIR FAMILIES' ECONOMIC SECURITY

SINGLE MOTHERS CONTINUE TO STRUGGLE WITH HIGH UNEMPLOYMENT

THE PART-TIME PENALTY CAN BE EVEN GREATER FOR MOTHERS

Chapter 7 WOMEN IN THE RECESSION: WORKING MOTHERS FACE HIGH RATES OF UNEMPLOYMENT

EXECUTIVE SUMMARY

VAST MAJORITY OF MOTHERS IN THE LABOR FORCE, MOST WORK FULL-TIME

AS RECESSION CONTINUES, WORKING MOTHERS FACE RISING UNEMPLOYMENT

Women of Color Are Faring the Worst in this Recession

Chapter 8 UNDERSTANDING THE ECONOMY: LONG-TERM UNEMPLOYMENT IN THE AFRICAN AMERICAN COMMUNITY

CONCLUSION

Chapter 9 UNDERSTANDING THE ECONOMY: UNEMPLOYMENT IN THE HISPANIC COMMUNITY

BACKGROUND

HISPANICS FACE HIGHER UNEMPLOYMENT REGARDLESS OF GENDER AND AGE

UNEMPLOYMENT SPELLS ARE TYPICALLY SHORTER FOR HISPANICS

ONE-QUARTER OF THE HISPANIC LABOR FORCE IS UNDEREMPLOYED

HISPANIC UNEMPLOYMENT IS DRIVEN BY INDUSTRY SECTOR AND GEOGRAPHY

ADDRESSING THE PROBLEMS FACING HISPANIC WORKERS

Chapter 10 UNDERSTANDING THE ECONOMY: UNEMPLOYMENT AMONG YOUNG WORKERS

UNEMPLOYMENT IS HIGHEST AMONG TEENS

EDUCATION IMPROVES EMPLOYMENT PROSPECTS FOR YOUNG WORKERS

UNEMPLOYMENT IS HIGH AMONG YOUNG MINORITY WORKERS, DESPITE EDUCATION

YOUNG WORKERS ARE DISPROPORTIONATELY CONCENTRATED IN INDUSTRIES HARD-HIT BY RECESSION

YOUNG WORKERS MAKE UP A DISPROPORTIONATE SHARE OF THE UNEMPLOYED

HIGH UNEMPLOYMENT CAN HAVE LASTING CONSEQUENCES

ACTION NOW CAN MITIGATE THE HARMFUL EFFECTS OF UNEMPLOYMENT

Chapter 11 EXTENDING UNEMPLOYMENT INSURANCE BENEFITS: THE COST OF INACTION FOR DISABLED WORKERS

UNEMPLOYMENT BENEFITS BOOST THE ECONOMY AS A WHOLE.

SPENDING ON UNEMPLOYMENT BENEFITS NOW SAVES ON DISABILITY INSURANCE LATER

CHAPTER SOURCES

INDEX

Blank Page.

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [157]-158) and index.

Description based on print version record.

ISBN:

1-61209-467-8

OCLC:

758384959