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Thursday, September 16, 2010

Unemployment Rate Up

Claims of Unemployement have been on the rise across america. Last week California residents had the most claims filed for unemployment. After upgrading the computer system last month, the state labor agency has been having problems keeping up with the claims. They also had problems processing unemployment checks which caused unemployment benef its to be delayed for people in the state. This error made it harder for people who depended on their unemployment check to pay bills and put some food on the table.

A lot of data and glitches was caused or had something to do with the government shutdown, 15,000 claims came from workers who rely on business from the federal government. This includes government contractors, bus drivers who take passengers on trips to tour parks, also waiters in Washington DC restaurants that was visited a lot by federal employees.

The government shutdown lasted 16 days, during that time nearly 500,000 federal workers was put on stand by. They was allowed to file for unemployment, but it looks like congress will grant them retro back pay for the time they didn't work due to the shutdown. If that's the case then they will have to pay back any unemployment benefits recieved.

This high rise of unemployment claims within the last 3 weeks does not include federal workers who may have filed for unemployment benefits during the government shutdown. Federal workers was counted in a different category by the Labor Department.

In the last 3 weeks the numbers shows about 326,000 people claimed unemployment benefits, but that number could be higher than that due to the states computer glitches and the government shutdown in which people couldn't file a claim. The rise of the unemployment rate shows no change in the job market getting better as the number of people recieving unemployment benefits is the same within a 1 month average.

Labor market are improving, but not improving like we thought or as fast as we want it to. almost 3 million people nationwide received unemployment benefits for their second week or more beginning October 1st 2013. Although there are 11 million people unemployed in the United States, more than 8 million people do not receive unemployment benefits. Last week the numbers went up for 1st time claims of umemployment benefits which broke the record for the biggest 1 week rise since Hurracane Sandy that had thousands of people to file for unemployment benefits.

The rise in unemployment benefits within the last week was mostly due to the government shutdown and other key factors. Within the last week 374,000 people filed for unemployment benefits for their 1st week which means 374,000 unemployers was new within 1 week. The week before that the numbers was at 308,000, 66,000 less than this current week. Unemployment claims was mostly due to layoffs. The job market will get worse before it gets better.

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