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Accession Number
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PB2013-102206
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Title
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Unemployment Insurance in the Wake of the Recent Recession.
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Publication Date
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Nov 2012
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Media Count
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30p
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Personal Author
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N/A
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Abstract
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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).
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Keywords
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Benefits
Economic conditions
Employment
Funding
Income
Law(Jurisprudence)
Recessions
Recipients
Unemployment insurance
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Source Agency
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Congressional Budget Office
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NTIS Subject Category
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96A - Domestic Commerce, Marketing, & Economics
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Corporate Author
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Congressional Budget Office, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1306
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Contract Number
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N/A
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