PPT-Coordination of unemployment benefits

An overview of the current rules in Regulation 8832004 trESS Seminar UK Nottingham 26 June 2013 Filip Van Overmeiren Background thoughts UB benefit covering the risk associated with the involuntary loss of revenue . World’s Fiercest Enemy. Unemployment. Unemployment is the . the. . state. . of. . being out of work, . especially. . involuntarily. The Unemployment rate is determined by dividing all the unemployed by the people currently in the labor force. Carl Shapiro and Joseph . Stiglitz. Conventional paradigm. All workers receive the market wage and there is no unemployment.. Existence of involuntary unemployment. Wages fall to clear market?. Workers have an incentive to shirk.. Unemployment. occurs when a person is available to work and currently seeking work, but the person is without work.. How. to . define. u. nemployment. In USA . unemployment . is measured by the Bureau of Labor Statistics (BLS. Aims and Objectives. Aim:. Understand types of unemployment. Objectives: . Define 2 measures of unemployment. Explain current trends in UK & EU. Analyse causes of unemployment. Evaluate social costs of unemployment. Outline. The labor force. The labor force participation rate. The unemployment rate. Sources of unemployment. The 16 and older non-institutionalized population that holds a paying job or is . actively seeking wo. By: Nicolas . Dromel. , . Elie. . Kolakez. , and Etienne Lehmann. . Group C. Steven . Bodi. , Mitchell . Steffler. , . Yaqin. . Hu. , . Kelby. . Krotz. , . Manmeet. . Litt. , Jordan Kirkpatrick. By: Ben . Quick. SSEMA1a,b. The unemployment rate shows the percentage of unemployed people divided by the total number of people in the civilian labor force . The unemployment rate understates the unemployment rate because it does not include “discouraged” workers or people who are working part time because they cannot find full-time work. 2. IS-MP. Y. Potential output = AF(K,L). Y. pot. u. Three key macro laws for the labor market. Okun’s Law: . unemployment moves inversely with Y (earlier in course). Beveridge Curve: . Unemployment moves inversely with vacancy rate (today). Economics. Unemployment. Economist’s definition:. Those of working age, who are without work, but who are available for work at current wage rates.. Two . measures . of unemployment.. Claimant . count. 20. Previously. Gross Domestic Product (GDP). The market value of all final goods and services produced in a specific period of time. . To find real GDP, we must adjust nominal GDP for inflation. Business cycle. Employer paid tax (contributions). Calculated as a percentage of covered wages for each employee. Cannot be withheld from employee’s wages. State unemployment could have employee contributions. What is FUTA?. FREQUENTLY ASKED QUESTIONS for COVID - 19 work - related issues Effective March 20 , 2020 The below question s and answer s ha ve been updated pursuant to Executive Order 20 - 05. NOTE: If you a be eligible for PEUC if: The balance of your current Reemployment Assistance claim is expired or exhausted and you are still unemployed. For general information about Reemployment Assistance, visit Checking your Claim Payment status over the Internet is fast, easy, and secure. The internet is available 24 hours a day, seven days a week, in English and Spanish. This tutorial includes instructi