The number of Americans seeking jobless aid fell to a four-decade low last week, a sign that employers are unconcerned about weak economic growth in the first three months of 2016.
Unemployment insurance (UI) provides displaced workers with temporary financial aid while they look for a new job. UI benefits are administered by individual states under the Federal-State Unemployment Insurance Program. Workers must meet specific guidelines set forth by the state before they can receive unemployment benefits. If you need to apply for unemployment benefits, follow these steps.
We've got to take steps to modernize our unemployment insurance system," President Obama said at the beginning of his weekly Internet address Saturday. "If a hardworking American loses her job, regardless of what state she lives in, we should make sure she can get insurance and some help to retrain for her next job," he said. "If she's been unemployed for a while, we should reach out to her and connect her with career counseling. And if she finds a new job that doesn't pay as much as her old one, we should offer some wage insurance that helps her pay her bills."
Today, President Obama announced new reforms that would strengthen and modernize our unemployment insurance system.
President Obama unveiled new proposals to reform unemployment insurance policies on Saturday, renewing a commitment he made to prop up American workers in this week's State of the Union address. "If a hardworking American loses her job, regardless of what state she lives in, we should make sure she can get unemployment insurance and some help to retrain for her next job," the president said in a video. He proposed taking steps to "modernize" the unemployment insurance system.
President Obama proposed an expansion of unemployment benefits Saturday, saying he'll fight to help working families "with every last day of my presidency." Obama used his weekly radio address Saturday to put some specifics behind an unusually expansive State of the Union address Tuesday, when he identified unemployment insurance as an area where he hoped he could work with the Republican Congress. "Now, I’m guessing we won’t agree on health care anytime soon. But there should be other ways both parties can improve economic security," Obama said in his address to Congress.
New state data shows the number of unemployment benefits claims filed in Ohio last year was the lowest since 1973.
The number of Americans seeking unemployment benefits fell last week, reflecting a job market that continues to look persistently healthy. THE NUMBERS: Applications for jobless aid declined 5,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. The less volatile 4-week average ticked up slightly to 272,500.