February 6, 2011 by USA Post
Unemployment Benefits, (AFP) – New claims for U.S. unemployment benefits fell more than expected at the end of January, official data showed on Thursday a day ahead of key government report jobs per month. The Labor Department said initial claims for unemployment insurance fell to 415,000 seasonally adjusted in the week ending January 29, at nine percent a week earlier revision 457000 against surges. The drop in applications last week was higher than the average forecast of 425,000 as the labor market struggles to get in trouble over a year and a half after the release of economic recession.
The week preceding increase is partly due to seasonal factors and winter storms in several states, officials said. “With this new decline, initial applications are closer to their underlying trend, which is consistent with a slow improvement in the labor market,” said Andrew Gledhill of Moody’s Analytics.
The unions are pressing for unemployment le”bénéficient clearly insufficient,”who now accuses the old age pension of nearly 100 a week and, to be increased significantly in order to improve protections for workers.
As part of it’s proposed federal budget for the ACTU wants the Newstart allowance for single people, and now about 234 a week to remove immediately and 47.82 per week and eventually reach the same level as the pension.
Newstart payment for singles, which is estimated to apply to more than 300,000 Australians, has been criticized by rights groups of being too stingy. The Organization for Economic Cooperation and Development, in a report last November, also criticized and said one option would be to increase Newstart for the initial period of unemployment.
Rep. Barbara Lee calling on Congress to fund relief for long-term unemployed, in response to the unemployment figures last week.
“The extension of emergency unemployment compensation Act, would ensure that these long-term unemployed workers get long-awaited assistance they need to support their families make ends meet and help our economy, “said Lee. “Our bill would add 14 weeks of emergency unemployment benefits and would ensure that these benefits are retroactively to persons who have exhausted their benefits and remain unemployed.”
In addition, the ministry report shows black unemployment is at 15.7 percent. The rate is down 15.8 percent last month and 16 percent in November. The highest rate since Obama took office was 16.3 percent in August.
“The report also shows that the unemployment rate of some groups – such as women and African-Americans – have improved very little,” said Lee. “In front of this report, we must redouble our efforts to create jobs and ensure that people are trained and ready to fill those jobs with success.”
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