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Housing starts, Unemployment claims, China

Summary:
Still heading south: In addition to tightening requirements, states have found other means to keep people from receiving benefits: Has the economy made it arder to get unemployment benefits? Not every terminated employee is eligible to receive unemployment benefits. You have to earn a minimum amount to even qualify; you cannot quit or be fired for cause, as defined by Illinois law; and you must actively search for alternative employment. With these requirements in mind, the Illinois Department of Employment Insurance (IDES) has, in the past, generally appeared to lean in favor of the employee when determining eligibility. However, through working with both executives and small business owners, my office has been seeing a shift. I am not sure if state budget pressures

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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages

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WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production

Still heading south:

Housing starts, Unemployment claims, China

Housing starts, Unemployment claims, China

In addition to tightening requirements, states have found other means to keep people from receiving benefits:

Housing starts, Unemployment claims, China

Has the economy made it arder to get unemployment benefits?

Not every terminated employee is eligible to receive unemployment benefits. You have to earn a minimum amount to even qualify; you cannot quit or be fired for cause, as defined by Illinois law; and you must actively search for alternative employment. With these requirements in mind, the Illinois Department of Employment Insurance (IDES) has, in the past, generally appeared to lean in favor of the employee when determining eligibility.

However, through working with both executives and small business owners, my office has been seeing a shift. I am not sure if state budget pressures are pushing this change, but IDES employees have been seemingly going out of their way to contact small business owners and encourage them to contest unemployment claims.

Housing starts, Unemployment claims, China

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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