Solid. Your attention to detail is inspiring. If you wanted to write about your leading employment index that would be awesome. Your discussion of your coincedent employment index was very nice. The same for leading would be very very nice if that's not too much secret sauce
We cannot look at historical jobless claims without considering the policy changes that have made it more difficult to file for less inflation-adjusted benefits.
From NYMag:
Unemployed Floridians used to receive up to 26 weeks in benefits; Scott cut that to 12 (though the cap does rise gradually after the state’s unemployment rate exceeds 5 percent). He established a new rule requiring the program’s beneficiaries to meet with at least five prospective employers a week to retain their benefits; eliminated the options of applying for benefits over the phone or in person, forcing all laid-off Floridians to sign up through (a poorly designed, underfunded) website; and he made it easier for employers to “prove” that their laid-off workers had been fired for cause and thus did not qualify for benefits — a change employers eagerly sought as their unemployment-insurance tax rates are partly tied to how many of their former workers qualify for aid. Meanwhile, Scott retained the state’s exceptionally low weekly benefit cap, and an eligibility formula that excludes part-time and seasonal workers, even as a supermajority of U.S. states updated their formulas to include such laborers.
Solid. Your attention to detail is inspiring. If you wanted to write about your leading employment index that would be awesome. Your discussion of your coincedent employment index was very nice. The same for leading would be very very nice if that's not too much secret sauce
Great insights!
We cannot look at historical jobless claims without considering the policy changes that have made it more difficult to file for less inflation-adjusted benefits.
From NYMag:
Unemployed Floridians used to receive up to 26 weeks in benefits; Scott cut that to 12 (though the cap does rise gradually after the state’s unemployment rate exceeds 5 percent). He established a new rule requiring the program’s beneficiaries to meet with at least five prospective employers a week to retain their benefits; eliminated the options of applying for benefits over the phone or in person, forcing all laid-off Floridians to sign up through (a poorly designed, underfunded) website; and he made it easier for employers to “prove” that their laid-off workers had been fired for cause and thus did not qualify for benefits — a change employers eagerly sought as their unemployment-insurance tax rates are partly tied to how many of their former workers qualify for aid. Meanwhile, Scott retained the state’s exceptionally low weekly benefit cap, and an eligibility formula that excludes part-time and seasonal workers, even as a supermajority of U.S. states updated their formulas to include such laborers.
https://nymag.com/intelligencer/2020/04/florida-unemployment-benefits-desantis-trump-rick-scott.html