In the week ending December 1, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 25,000 from the previous week’s revised figure of 395,000. The 4-week moving average was 408,000, an increase of 2,250 from the previous week’s revised average of 405,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week [...]
President Obama made an impromptu statement on Tuesday afternoon, urging House Republicans to bring the payroll tax cut and unemployment insurance bills to the House floor and pass them, in order to avoid an increase in taxes on middle-class Americans.
Congressional Republicans are dithering on critical assistance for America’s middle class—a temporary payroll tax holiday—at a time when families and the economy are in dire need of help.
Unemployment insurance for 2.2 million jobless workers is set to expire on December 31, and if Congress does that act to extend these benefits, economic recovery of the U.S. economy would be seriously threatened.
House Republicans leaders outlined in a memorandum Friday, their response to President Obama’s jobs plan. The GOP lawmakers said, they would not agree to tax increase, and it would be “hard to find common ground” to support transfers to state and local government and to fund school construction.
If the U.S. Congress were to approve President Barack Obama’s jobs plan, Florida will likely receive more than $7 billion and administration officials say it could create or save more than 60,000 jobs. The proposal, sent to Congress on Monday by the president would put $1.5 billion into transportation projects in Florida, creating more than 20,000 jobs, according to White House numbers. The plan would also mean an additional $1.6 billion for Florida to pay teachers and emergency first responders in an effort to avoid layoffs.
Last night President Barack Obama gave a speech to a joint session of Congress regarding jobs and the importance of putting Americans back to work. The President has an actual plan that he will deliver to Congress entitled the American Jobs Act.
Florida’s jobless rate remained unchanged at 10.7 percent in July, same as in June, but 0.1 percent higher than the 10.6 percent unemployment rate in May, the Agency for Workforce Innovation reported Friday. July’s figure represents 987,000 jobless out of the statewide workforce of 9.2 million. Gov. Rick Scott, who slashed thousands of state worker jobs, said it’s disappointing the unemployment rate did not go down.
In June the U.S. economy added a mere 18,000 net new jobs and the nation’s unemployment rate rose to 9.2 percent, the Labor Department reported on Friday.