Bloomberg (01/09/13) Joshua Zumbrun
Congress recently extended emergency jobless benefits, which enable states hit hard by unemployment to offer payments for as long as 73 weeks. Government estimates indicate that long-term unemployment benefits to be paid out this year will total $30 billion, marking a decline from $45.5 billion last year. Mark Zandi, chief economist at Moody’s Analytics, says it is one of the most effective stimulus programs, given that every $1 in benefits that is paid out generates 1.55 times as much economic activity. JPMorgan Chase & Co. economists estimate that economic growth would have fallen by nearly 0.2 percentage point this year if Congress allowed the benefits to expire. The number of Americans collecting extended and emergency benefits decreased from 3.56 million during the last week of 2011 to 2.07 million during the week ended Dec. 15, 2012, due in part to the fact that unemployed workers in states with declining jobless rates no longer qualify for the benefits.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.