April 25, 2009

Health insurance subsidy for laid-off workers has holes

A new federal subsidy designed to help laid-off workers pay for health insurance could be out of reach for thousands of jobless workers because they worked for a small company or their former employer has gone out of business.

If an employer terminates its group health plan, former employees are ineligible for COBRA, says Michael Langan, principal with Towers Perrin, a human resources consultant. That makes them ineligible for the subsidy, too, he says.

Source: USA Today

April 7, 2009

CEOs expect more job cuts through year end

Nearly three-quarters of CEOs in the Business Roundtable expect to cut workers in the next six months as sales sag, a survey showed Tuesday, suggesting further deterioration in the job market is likely at least through the end of the year.

Seventy-one percent of CEOs said they expect to cut workers in the next six months, up from 60% from November, when the quarterly survey was last conducted, and the most since the survey began at the end of 2002, the Business Roundtable said. Twenty-one percent expect to keep payrolls unchanged, while 7% said they plan to add workers.

Source: USA Today

April 2, 2009

Job cuts down 19.3% in March

The number of planned job cuts announced by U.S.-based employers fell 19.3 percent to 150,411 in March, according to a report by Challenger, Gray & Christmas Inc.

The number of announced layoffs had dropped 23 percent to 186,350 in February, said the global outplacement firm, meaning that March numbers mark the first two-month decrease in job cuts since February to March 2007.

Source: Austing Business Journal

April 1, 2009

INSTANT VIEW: U.S. private sector job losses rise in March

U.S. private sector job losses accelerated in March, more than economists’ expectations, according to a report by ADP Employer Services on Wednesday.

ADP said private employers cut 742,000 jobs in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs. Economists had expected 655,000 private-sector job cuts in March, according to a recent Reuters poll.

Source: Reuters

March 26, 2009

U.S. Jobless Rolls Increase to Record 5.56 Million

Filed under: FYI,unemployment,US — DF @ 1:06 pm
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According to DOL, Bloomberg: “The number of people collecting U.S. jobless benefits rose to a record 5.56 million, indicating more Americans are spending longer periods out of work. Initial claims topped 600,000 for an eighth straight time.

Total benefit rolls jumped by 122,000 in the week ended March 14, from 5.44 million the previous week, the Labor Department said today in Washington. Initial jobless applications last week rose 8,000 to 652,000, in line with forecasts.”

March 25, 2009

Klamath Falls offers free college courses for laid-off workers

Filed under: FYI,unemployment,US — 7macaw @ 10:14 am
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Oregonians who lost their full-time jobs any time since Oct. 1, 2008, are eligible to take free college courses during the spring term. The catch is the colleges are in Klamath Falls.

The Oregon Institute of Technology and Klamath Community College have put together a Spring Free program for people who have recently lost their jobs for lack of work. Spring Free allows a limited number of laid off workers to take classes on a space-available basis.

Classes start next week.

Source: Portland Business Journal

March 23, 2009

Report: Mass Layoffs In February 2009

Filed under: FYI,unemployment — 7macaw @ 3:10 pm
Tags: ,

Employers took 2,769 mass layoff actions in February that resulted in the separation of 295,477
, seasonally adjusted, as measured by new filings for unemployment insurance benefits during
the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.

The number of mass layoff events in February increased by 542 from the prior month, while the number of associated initial claims increased by 57,575. Over the year, the number of mass layoff events increased by 1,100, and the associated initial claims increased by 112,439.

In absolute, not seasonally adjusted terms, however, the number of layoffs decreased significantly in most states.

Source: Bureau of Labor Statistics Report [pdf]

March 20, 2009

California economy worsens, unemployment at 10.5 percent

According to EDD, Reuters: ” California’s unemployment rate increased to 10.5 percent in February from 10.1 percent in January as the most populous state’s economy worsened, official data showed on Friday.

California’s February jobless rate far exceeded both the state’s 6.2 percent rate a year earlier and the national unemployment average for February of 8.1 percent, according to the report by the state’s Employment Development Department.”

March 12, 2009

D.C. to extend unemployment services

Filed under: FYI,unemployment,US — DF @ 10:11 am

Unemployed D.C. residents will get a boost in weekly benefits and an expansion of city services to help them file unemployment claims and search for jobs.

New perks for jobless residents include a supplemental $25 weekly compensation outlined in the American Recovery and Reinvestment Act, which will be added to unemployment payments starting next week.

Source: Washington Business Journal

U.S. Initial Jobless Claims Rose to 654,000 Last Week

Filed under: FYI,unemployment,US — DF @ 10:08 am
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According to Bloomberg: “First-time claims for U.S. unemployment benefits rose last week, holding above 600,000 for a sixth straight time, as companies kept cutting payrolls to reduce costs amid a worsening recession.

Initial jobless applications increased by 9,000 to 654,000 in the week that ended March 7, more than anticipated, from a revised 645,000 the prior week, the Labor Department said today in Washington. “

March 11, 2009

Oregon, Carolinas Led Increase in U.S. Unemployment

According to Bloomberg: “Unemployment climbed in 49 U.S. states in January, showing no region has escaped the worsening recession. The jobless rate jumped by at least one percentage point in 23 states from December to January, led by a surge of 1.6 points in North Carolina, Oregon and South Carolina, the Labor Department said today in Washington. Michigan, where the rate jumped by 1.4 points, had the nation’s highest at 11.6 percent. “

Arkansas’ jobless rate rises to 6.4 percent in January

Filed under: unemployment,US — DF @ 1:59 pm
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According to AP, Forbes: “Arkansas’ unemployment rate jumped to 6.4 percent in January from the prior month, but it’s still lower than the national jobless picture.

The Arkansas Department of Workforce Services said Wednesday that December’s rate for the state was revised to 5.7 percent from 6.2 percent.”

March 5, 2009

Jobless Claims Exceed 600,000 Again

Filed under: FYI,unemployment,US — DF @ 5:47 pm

According to Department of Labor, Bloomberg: “More than 600,000 Americans filed claims for jobless benefits for a fifth straight week, the worst performance since 1982, pointing to a deteriorating job market that may deepen the spending slump.

The Labor Department today reported 639,000 first-time unemployment applications, the fifth straight week above 600,000. The agency also said worker productivity, a measure of employee output per hour, fell at a 0.4 percent annual rate in the fourth quarter of 2008.”

Texas unemployment rate jumps to 6.4 percent

Filed under: FYI,General,unemployment,US — DF @ 5:30 pm
Tags: ,

According to AP, The Houston Chronicle: ” The Texas unemployment rate jumped to 6.4 percent in January and the state lost jobs for the third consecutive month, the Texas Workforce Commission reported Thursday.

The unemployment rate jumped nearly a percentage point from the revised December figure of 5.6 percent, and the state’s seasonally adjusted nonagricultural employment fell by 75,800 jobs, according to commission figures.”

NY state lost 25 pct of new jobs since last decline

Filed under: FYI,General,unemployment,US — DF @ 5:23 pm
Tags: , ,

According to Reuters: “New York state, in the final quarter of 2008, lost over 25 percent of the jobs it had gained since the last downturn, a statistic that reveals the deepening recession, the labor department said on Thursday.

This means 110,300 people working at private companies lost their jobs in just three months.

These employers had hired more than 400,000 people from July 2003, when the last decline ended, to August 2008, when the economy peaked, the state labor department’s report said.”

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