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Accession Number PB2013-102206
Title Unemployment Insurance in the Wake of the Recent Recession.
Publication Date Nov 2012
Media Count 30p
Personal Author N/A
Abstract The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a workers past earnings. The Congressional Budget Office (CBO) estimates that UI benefits totaled $94 billion in fiscal year 2012 (when the unemployment rate was 8.3 percent, on average), a substantial increase over the $33 billion paid out in fiscal year 2007 (when the unemployment rate was 4.5 percent, on average).
Keywords Benefits
Economic conditions
Employment
Funding
Income
Law(Jurisprudence)
Recessions
Recipients
Unemployment insurance


 
Source Agency Congressional Budget Office
NTIS Subject Category 96A - Domestic Commerce, Marketing, & Economics
Corporate Author Congressional Budget Office, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1306
Contract Number N/A

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