The percentage of out-of-work Americans receiving benefits from state unemployment insurance (UI) programs reached a historic low in 2014, a new study shows.
According to the Economic Policy Institute's (EPI) report, the national UI recipiency rate -- the share of jobless people receiving benefits from state UI programs -- dropped to 23 percent as of last December. That's less than the previous record-low UI recipiency rate of 25 percent, which was set in September 1984.
Though researchers from the Washington, D.C.-based think tank do credit the decline in part to an improving economy, they say state UI programs "in many cases failed to assist jobless workers" after the Great Recession.
U.S. employers extended their solid hiring into July by adding 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.
SPRINGFIELD, Ill. - New data shows how the reauthorization of federal unemployment assistance could help 64,000 Illinoisans.
When federal long-term unemployment benefits ended in December, according to the analysis from the Illinois Department of Employment Security, 74,000 Illinois workers immediately lost their temporary help. Jay Rowell, the department's director, said 86 percent of them still were without work one month later.
"This seriously undermines the idea that unemployment insurance discourages people from finding employment," Rowell said. "To get unemployment, you had to have been working and lost your job through no fault of their own. So these were people who were working before, have been looking for work, and just haven't been able to find it."
Illinois public and private sector leaders are joining U.S. Rep. Bill Foster (D-IL,11) in an effort to help boost jobs and economic development in Will County and the Chicago region.
Foster kicked off his "Project Growth" initiative at a panel discussion in Joliet on Friday. The endeavor is focused on four key issues: education, manufacturing, strengthening the middle-class and transportation.
“My goal in launching Project Growth is to do deep examinations of what’s working in our communities, what isn’t working, and what we can be doing to better support job creation and more economic development,” the congressman said at the launch of his new initiative.