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Impact of Joblessness

Impact of Joblessness The Federal Reserve Bank of New York has released a study that sheds light on the continuing hardship caused by joblessness, even after individuals return to work. Individuals who directly moved from one job to another secured a 6.9 percent increase in hourly wages, while those who experienced joblessness between jobs suffered an 18.5 percent drop in hourly wages. Similarly, average weekly working hours rose by 3.3 percent for those who changed jobs without interruption, while those who were jobless between jobs experienced a 9.7 percent drop in weekly worktime. Moreover, 37.3 percent of those who’d been jobless had no benefits on their current job, compared to only 13.2 percent of those who changed jobs without interruption. To see our summary of this study, including a table and chart plus the link to the original study, CLICK "DOWNLOAD NOW" ON THE RIGHT SIDE OF THIS SCREEN. An important advantage of the study is that it queried individuals about their wages, benefits and worktime at specific times connected with the start and conclusion of specific jobs that the individuals held in the past. The principal U.S. Census Bureau and U.S. Bureau of Labor Statistics (BLS) surveys do not question individuals in this manner, but instead focus on an individual’s current job. That individuals who experience joblessness suffer labor market hardship is well known, but it is useful to be able to quantify the degree of hardship, which underlines the importance of employment, education and training programs to ameliorate the impact of joblessness. The study did not distinguish between those who quit versus those who involuntarily lost their previous job, but BLS data show that the vast majority (about 90 percent in recent years) conclude their jobs involuntarily. The data could also be used to roughly calculate the costs of joblessness even after individuals return to work.

Posted On :

09/04/15 03:26PM

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Views :

934

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Downloads :

248

No End in Sight: The Agony of Prolonged Unemployment

Despite positive signs of economic growth and a rising stock market, millions of unemployed American workers see no end to the Great Recession that wrecked their finances and threw their lives into turmoil. A new nationwide survey conducted in March 2010 of more than 900 workers who were jobless in August 2009 documents their continuing struggle to find jobs and the sacrifices they have endured in a punishing economy. The report, entitled No End in Sight: The Agony of Prolonged Unemployment, was prepared by professors Carl Van Horn and Cliff Zukin of the John J. Heldrich Center for Workforce Development, a research and policy center at Rutgers University. The report is based on a six-month follow-up survey with the national scientific sample of unemployed Americans reported in the Heldrich Center's widely acclaimed Anguish of Unemployment report released in September 2009. Seventy-six percent of those interviewed in August 2009 were re-interviewed by Knowledge Networks of Menlo Park, California between March 10 and 23 of this year. No End in Sight underscores that positive growth in the nation's economy has done little to reach millions of skilled workers still adrift in the most severe period of prolonged joblessness in decades. According to Professor Van Horn, the study's co-author: "Despite recent signs that the worst phase of the Great Recession may be behind us, the vast majority of jobless Americans have not found new jobs. When they did find work, most took pay cuts and/or lost benefits. Among those still searching for work -- many for more than a year -- are millions who have never been without a job and who have at least a college education. The inability of these job seekers to find new opportunities is an economic and cultural disaster."

Posted On :

05/04/10 01:56PM

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Views :

1094

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Downloads :

701

Michigan WIB Helps Spur Economic Development

Ottawa County Michigan Works is an example of the role Workforce Boards play in economic development and business attraction. This 2 minute video, filmed by the National Association of Workforce Boards, gives a snapshot of how local WIBs can engage businesses for the benefit of jobseekers.

Posted On :

06/05/12 11:48AM

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Views :

1345

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Downloads :

8

Florida Region Uses Strategic Doing to Help in Overcoming the Space Challenge as the Space Shuttle Program Comes to an End

About 250 people joined us recently for an interactive ‘strategic doing’ event hosted by Brevard Workforce and the Economic Development Commission of Florida’s Space Coast, (and generously sponsored by FLORIDA TODAY, our local Gannett newspaper) called Overcoming the Space Challenge through Regional Innovation. The group came together to learn more about the challenges we face at the end of NASA’s Shuttle Program, and to actually incorporate our ideas and resources into a strategic plan that would help Brevard and the surrounding region in overcoming these challenges. It was the first such event Brevard has ever experienced. Facilitated by Ed Morrison, strategic advisor to the Purdue Center for Economic Development and Linda Fowler, founder of Regionerate, local, regional and state experts on the leading edge of responsibility in the areas of schools, our economy, the aerospace industry, county services, and help for the workforce started off the event with some insight before attendees broke into groups. Brevard Workforce briefed the audience on our intensive Aerospace Workforce Transition program and the Regional Aerospace Workforce Initiative, efforts that started more than three years ago to serve and assist the talent that will be displaced.

Posted On :

06/28/10 11:36AM

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Views :

2149

Frequently Asked Questions on Obligating ARRA RES Funds

Frequently Asked Questions (and answers)on how to obligate ARRA RES Funds

Posted On :

06/10/10 12:58PM

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Views :

1392

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Downloads :

927

Highlights from the Heartland Conference on Reemployment

Did you miss the opportunity to connect with Heartland 2010 presenters and participants? No worries - we have posted video of many of theConference sessions. The U.S. Department of Labor, Employment and Training Administration (USDOL/ETA) Region 5, in conjunction with the Great Lakes Employment and Training Association (GLETA), invites you to get connected with session presenters, other attendee's, and ETA staff by wathcing the videos of the sessions. To view the videos, just click "read more" and then click on the video links.

Posted On :

06/08/10 10:42AM

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Views :

1566

Enterprising States: Creating Jobs, Economic Development and Prosperity in Challenging Times

Posted On :

05/04/10 02:36PM

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Views :

1109

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Downloads :

1155

Linkages Between TAA, One- Stop Career Center Partners, and Economic Development Agencies

Posted On :

02/07/10 03:56PM

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Views :

1186

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Downloads :

422

Health Coverage Tax Credit and Reemployment: The View from Colorado

My name is Shannon Gutheil and I was asked to highlight the experiences I have had working with trade-affected individuals first-hand and how the HCTC Program has helped them. Over the last 6 years working with trade-affected workers there have been many challenges they face and health care is one of the biggest. The HCTC program and benefit has been able to help alleviate some of the stress that comes with layoff. When people find out about HCTC I see the light go on in their eyes and a smile emerge on their face. They sometimes can’t believe what they are being offered. The details and process are sometimes hard for them to grasp, but once they understand what steps they need to take to access HCTC benefits you hear a sigh of relief. For many workers, continuation of health care is an option they grapple with over and over because of bottom line costs. They are trying to answer the questions “How am I going to keep health care with COBRA costs being so high? How am I going to take care of my family if they get sick without insurance?” These are questions I hear at my desk almost daily when working with trade-affected workers. A great percentage of workers we serve on the front lines are the sole carriers of health insurance for their families and when they loose their jobs this compounds their stress levels, which in turn can increase their risk for getting sick – thus meaning they need to keep their health care coverage even more. Knowing they have HCTC available to them, as long as they meet all criteria, can help relieve this burden and help them focus on re-tooling their skills and/or gaining new employment. When trade-affected workers utilize and are eligible for HCTC benefits, it is truly a great benefit to have available. Shannon Gutheil, TAA Counselor at the Ft. Collins Workforce Center, Colorado

Posted On :

11/17/09 11:41AM

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Views :

2396

Health Coverage Tax Credit (HCTC) and Reemployment

Blog from Carol Harr of Colorado TAA Coordinator's office

Posted On :

11/17/09 11:36AM

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Views :

2286

The Role of Rapid Response in Trade Programs

This blog poses the question, "what is the role of Rapid Response in Trade programs."

Posted On :

08/26/09 01:36PM

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Views :

2326

One Step to Improved Regional Coordination of Dislocations

This blog provides one example of an activity that can be done regionally and nationally to streamline coordation between states impacted by large dislocations.

Posted On :

07/20/09 02:54PM

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Views :

1425

Early Warning Network/Rapid Response-Nelson

The need to know when a company’s employees are facing layoffs, and respond quickly with creative services that can provide effective solutions, is greater than ever before. Learn about dynamic and creative strategies that are being used to effectively address these issues in both urban and rural areas.

Posted On :

06/23/09 10:46AM

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Views :

909

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Downloads :

349

Early Warning Network/Rapid Response-Castro

The need to know when a company’s employees are facing layoffs, and respond quickly with creative services that can provide effective solutions, is greater than ever before. Learn about dynamic and creative strategies that are being used to effectively address these issues in both urban and rural areas.

Posted On :

06/23/09 10:44AM

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Views :

751

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Downloads :

306

The Reemployment Assistance Database Demo

Initially part of a response to Base Realignment and Closure events, the Re-employment Assistance Database (RAD) is a cooperative rapid-response labor market information tool for mass employment events such as plant/unit closings and other large scale employment losses or relocations. It is an online database that is designed to be easily and quickly updated in order to provide current information for labor market professionals and those affected by employment events.

Posted On :

06/17/09 06:00PM

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Views :

876

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Downloads :

284

The Reemployment Assistance Database

Initially part of a response to Base Realignment and Closure events, the Re-employment Assistance Database (RAD) is a cooperative rapid-response labor market information tool for mass employment events such as plant/unit closings and other large scale employment losses or relocations. It is an online database that is designed to be easily and quickly updated in order to provide current information for labor market professionals and those affected by employment events.

Posted On :

06/17/09 05:59PM

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Views :

858

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Downloads :

287

Going Into Recovery

This session will discuss topics where states and local areas need to build capacity to successfully implement ARRA. Lessons learned from other major program implementation, such as the transition from JTPA to WIA, the implementation of TANF, as well as the Welfare to Work programs, serve as the basis. Participants will leave with several things they can do immediately to be Recovery ready.

Posted On :

06/16/09 03:18PM

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Views :

820

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Downloads :

286

Stellar Rapid Response – To What Heights should we go?

This blog asks the reader to reflect on parity of rapid response across geopolitical boundaries. It broaches questions about what activies and services should be basic to Rapid Response and would make it stellar.

Posted On :

06/12/09 04:28PM

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Views :

1520

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