Posts Tagged ‘Rate’
Money and the Natural Rate of Unemployment
Money and the Natural Rate of Unemployment
This book presents a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange rates to fixed exchange rates in a monetary union. In addition to the theoretical and policy discussions the book also contains a comprehensive survey of the current state of scholarship in this area.
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Unemployment Rate for People with Disabilities Climbs in First Quarter, Allsup Reports
Belleville, IL (PRWEB) April 30, 2013
The unemployment rate for people with disabilities was on the rise again in the first quarter of 2013 after reaching a four-year low at the end of last year, according to a study by Allsup, a nationwide provider of Social Security Disability Insurance representation, veterans disability appeal and Medicare plan selection services.
A weak overall job report at the end of the first quarter overshadowed the grim outlook for people with disabilities. The Allsup Disability Study: Income at Risk found that people with disabilities experienced an unemployment rate approximately 65 percent higher than for those with no disabilities in the first quarter of 2013. Allsup has conducted the quarterly study since 2009. The study is available at http://www.allsup.com/Portals/4/allsup-study-income-at-risk-q1-13.pdf.
The unemployment rate averaged 13 percent for people with disabilities and 7.9 percent for people with no disabilities during the first quarter of 2013. This is an increase over the 2012 fourth-quarter figures of 12.4 percent for people with disabilities and 7.3 percent for people with no disabilities. The figures are based on non-seasonally adjusted data from the U.S. Bureau of Labor Statistics (BLS).
The job market remains challenging; even more so for those with disabilities who face a greater hurdle for a number of reasons, said Tricia Blazier, personal financial planning manager for Allsup. For example, working for an extended period of time may no longer be possible due to their condition, or their disability worsens over time to the degree that they can no longer work at all.
The Allsup Disability Study: Income at Risk shows that 680,292 people with disabilities applied for Social Security Disability Insurance (SSDI) during the first quarter of 2013. Although that figure is an increase over the 638,223 people who applied in the previous quarter, its a decrease from this time last year. There were 724,746 applicants in the first quarter of 2012.
In 2012, more than 2.8 million individuals were unable to continue working due to a disability and applied for SSDI. Following Social Security Administration (SSA) field office closings and reduced hours in remaining locations, the SSA has reported the backlog of initial claims pending could increase from nearly 708,000 to 796,000 in 2013, along with longer processing times.
Many applicants face significant financial burdens during the long wait for SSDI benefits, Blazier added. Devastating financial disasters, such as bankruptcies and foreclosures, are too often the norm for those with disabilities, Blazier said. Applying for SSDI with the assistance of a professional representative as soon as possible can help minimize some of these hardships.
Four Reasons to Seek Early SSDI Representation
Using a Social Security Disability Insurance representative offers several advantages, especially at the initial application level. A qualified representative can help applicants:
Discover if they are likely to qualify for SSDI benefits before they apply. To determine eligibility, the SSA uses a five-step evaluation process. The agency makes decisions based on medical documentation, work history, age and other factors. A representative can go over the evaluation process and review documentation to establish if individuals are likely to qualify for Social Security disability benefits before they spend time on the application process.
Benefit from specialized knowledge and hands-on help from the start. Too often, incomplete or inaccurate forms cause delays. Using a professional representative such as Allsup ensures expert, knowledgeable help in completing the necessary applications.
Improve their chances for an early award. At the initial application level, more than half of Allsup claimants receive benefits, compared with just one-third nationally.
Avoid long waits in Social Security office lines. Professional representatives handle the paperwork, answer questions and submit the claim. In fiscal year 2012, the SSA closed 19 field offices and reduced hours in their remaining locations, leading to even longer wait times. Eight out of 10 Allsup claimants never visit an SSA office.
Contact the Allsup Disability Evaluation Center at (800) 678-3276 for a free disability evaluation.
Allsup also provides free financial planning tools to help people better manage their finances while awaiting SSDI benefits at http://www.allsup.com/personal-finance.
ABOUT ALLSUP
Allsup is a nationwide provider of Social Security disability, veterans disability appeal, Medicare and Medicare Secondary Payer compliance services for individuals, employers and insurance carriers. Founded in 1984, Allsup employs more than 800 professionals who deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. The company is based in Belleville, Ill., near St. Louis. Visit http://www.Allsup.com or connect with Allsup at http://www.facebook.com/Allsupinc.
The information provided is not intended as a substitute for legal or other professional services. Legal or other expert assistance should be sought before making any decision that may affect your situation.
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April Jobs Report: US Economy Adds 165000 Jobs; Unemployment Rate Down …
April Jobs Report: US Economy Adds 165000 Jobs; Unemployment Rate Down …
In another sign of strength, the unemployment rate managed to fall despite the fact that 210,000 people joined the labor force to look for work in April. In several previous months, unemployment had fallen simply because workers had dropped out of the …
Read more on Huffington Post
PEI unemployment rate falls below 12%
The unemployment rate on P.E.I. fell from 12.1% to 11.6% in April, partly due the first drop in the size of the labour force since September. The provincial economy did create some jobs, 200 full time and 100 part time. There were 200 fewer people …
Read more on CBC.ca
Cape Breton unemployment rate down
Labour market information released Friday by Statistics Canada showed that the unemployment rate in April for Cape Breton was 16.9 per cent, down from 18.6 per cent in March. That compares with a rate of 14.2 per cent in April 2012. Unemployment was …
Read more on Cape Breton Post
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As Economy Improves The Risk Mortgage Rate Hikes Rises
Chicago, IL (PRWEB) April 21, 2013
The Federal Savings Bank encourages first-time homebuyers to seriously consider the implications of an improving economy. As the housing market improves as evident in Tuesdays housing starts, and as unemployment declines, the risk of mortgage rate hikes increases. The Federal Reserve has already stated its thresholds with respect to when it will begin begin to raise interest rates which is, 6.5% unemployment and/or 2.5% inflation. Currently the US unemployment rate is 7.7% and inflation is according the latest CPI report is on the decrease. While the Federal Reserve has estimated unemployment to fall between 7.3% and 6.8% by year end, homebuyers cannot expect to wait forever to get pre-approved for a mortgage.
Home Prices Are Rising
In January new homes sales soared to multi year highs at 431,000. In February new home sales took a breather and declined to 411K, however, it remained at 12.29% above year-over-year levels. To re-confirm that things are on positive full swing Tuesday’s March housing starts figure jumped dramatically by 7% from February. The housing starts number of over 1 million was the highest seen since June 2008.
First-Time Homebuyers must take notice at the ways things are improving now, because while interest rates may remain low for the next year, the possibility of housing prices continuing higher remains probable. “The trend is your friend, until the very end” says Nick, a bank at The Federal Savings Bank. “Right now housing inventories remain low and more people are becoming employment, both factors help raise housing prices.”
The Federal Savings Bank encourages first-time homebuyers to consider the implications of obtaining an mortgage at a later time, which is the possibility of higher interest rates, and moreover, higher property values. The benefits to getting pre-approved for a mortgage now is that the individual can understand how much of a home they can afford, and at which rate. In addition, if the applicant finds a home they desire, their bid will be taken seriously by the listed seller due to the mortgage approval. For more information on obtaining a loan or to speak about the housing market in general: please contact a loan officer at: TheFederalSavingsBank.com
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Unemployment rate falls to four – year low of 7.5 %
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Unemployment rate falls to four – year low of 7.5 %
The stock market jumped to record highs Friday on a government report showing U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than first estimated. The job increases helped reduce the unemployment …
Read more on New York Daily News
Unemployment rate drops in April (Video)
Bloomberg's Chief Washington Correspondent Peter Cook reports that the U.S. added more jobs than forecast in April as the jobless rate unexpectedly declined to a four-year low of 7.5 percent. Employers added 165,000 workers last month following a …
Read more on Washington Business Journal
Economy gains 165000 jobs; jobless rate, 7.5%
The unemployment rate fell to 7.5% from 7.6%, the Labor Department said Friday. That's the lowest since December 2008. It was more than enough to fire up the stock market. The Dow Jones industrial average topped 15,000 for the first time Friday morning …
Read more on USA TODAY
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Job Gains Slow as Unemployment Rate Falls
April 5 (Bloomberg) — Employers hired fewer workers than forecast in March and a slump in the size of the labor force pushed the jobless rate down to a four…
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1937 photo Folding unemployment blanks. Washington, D.C., Oct. 7. Coming off the press at the rate of 3,000,000 a day, the unemployment census questionnaires are automatically folded and then bundled for delivery to the post office, 10/7/37 Vintage Black & White Photograph
1937 photo Folding unemployment blanks. Washington, D.C., Oct. 7. Coming off the press at the rate of 3,000,000 a day, the unemployment census questionnaires are automatically folded and then bundled for delivery to the post office, 10/7/37 Vintage Black & White Photograph
- Photograph Description: 1937 photo Folding unemployment blanks. Washington, D.C., Oct. 7. Coming off the press at the rate of 3,000,000 a day, the unemployment census questionnaires are automatically folded and then bundled for delivery to the post office, 10/7/37
- Size: Approximately 8×10 inches. (20.3cm x 25.4cm)
- This Photograph is an Archival Quality Reproduction created directly from the original photograph, and processed using the highest industry standards in equipment and archival inks on Semisatinado satin semi gloss professional photo paper.
- All orders ship within 1 business day
- Packaging: heavy duty photo mailer
1937 photo Folding unemployment blanks. Washington, D.C., Oct. 7. Coming off the press at the rate of 3,000,000 a day, the unemployment census questionnaires are automatically folded and then bundled for delivery to the post office, 10/7/37
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What would happen to the unemployment rate if all discouraged workers are suddenly counted in the labor force?
Question by Jacob: What would happen to the unemployment rate if all discouraged workers are suddenly counted in the labor force?
Discouraged workers are workers who have stopped looking for work because they believe that no one will offer them a job.
The unemployment rate is the percentage of the labor force that is not working.
Because there is no way to account for them, the official unemployment rate does not include discouraged workers. What would happen to the unemployment rate if, because of a program that gave them new hope, all discouraged workers suddenly began reporting themselves as ready to work?
Best answer:
Answer by Irfan Halimi
The unemployment rate would increase. The real unemployment rate in this country is close to 18%.
What do you think? Answer below!
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Tags: counted, Discouraged, force, happen, labor, Rate, Suddenly, unemployment, workers, would |
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