The U.S. Continuing Claims report is released every Thursday morning at 8:30 a.m. Eastern Standard Time. The economic release determines the number of workers that initially filed and continued to receive unemployment insurance.
Data is compiled by the Employment and Training Administration (ETA), an agency within the Department of Labor, from all 50 states, Puerto Rico, Virgin Islands and Washington D.C.
The ETA calculates rates of unemployment for seasonally adjusted workers, non-seasonally adjusted workers, newly discharged veterans, former federal civilian employees and railroad retirement board employees. The ETA further calculates first-time claims and claims that were either extended or received under emergency unemployment compensation, disaster relief and those that fall under previous Trade Readjustment Acts.
The History of Trade Acts
Modern day trade acts began with the Trade Act of 1974 (HR 10710), under which benefits were extended to 52 weeks. Since then, allowances have increased.
The railroad industry was granted a special provision in 1938 under HR 10127, titled the Railroad Unemployment Insurance Act, that allows railroad employees to collect unemployment but are exempt from federal tax on those benefits.
Trade Adjustment Allowances are paid by the federal government to persons whose jobs were affected by foreign imports and who have exhausted unemployment compensation. The Trade and Globalization Adjustment Assistance Act of 2009 is just one example of an act where benefits and cash payouts were extended to workers, as well as provisions instated for retraining.
SEE: Planning For Unemployment
Unemployment Insurance: Then and Now
Unemployment Insurance for disaster relief began in 1974 with the Disaster Relief Act but has been expanded over the years to include pregnant women, sickness and hardship cases. Federal civilian employees began coverage in 1954 under HR 9707, while Korean War veterans began receiving unemployment insurance in July 1952 under HR 7656, named the Veterans Readjustment Assistance Act of 1952. Since 1952, the collection of benefits has expanded with passage of HR 4717 (the Revenue Act of 1982) to all service personnel.
From:http://www.investopedia.com/articles/economics/10/continuing-claims.asp
Data is compiled by the Employment and Training Administration (ETA), an agency within the Department of Labor, from all 50 states, Puerto Rico, Virgin Islands and Washington D.C.
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The ETA calculates rates of unemployment for seasonally adjusted workers, non-seasonally adjusted workers, newly discharged veterans, former federal civilian employees and railroad retirement board employees. The ETA further calculates first-time claims and claims that were either extended or received under emergency unemployment compensation, disaster relief and those that fall under previous Trade Readjustment Acts.
The History of Trade Acts
Modern day trade acts began with the Trade Act of 1974 (HR 10710), under which benefits were extended to 52 weeks. Since then, allowances have increased.
The railroad industry was granted a special provision in 1938 under HR 10127, titled the Railroad Unemployment Insurance Act, that allows railroad employees to collect unemployment but are exempt from federal tax on those benefits.
Trade Adjustment Allowances are paid by the federal government to persons whose jobs were affected by foreign imports and who have exhausted unemployment compensation. The Trade and Globalization Adjustment Assistance Act of 2009 is just one example of an act where benefits and cash payouts were extended to workers, as well as provisions instated for retraining.
SEE: Planning For Unemployment
Unemployment Insurance: Then and Now
Unemployment Insurance for disaster relief began in 1974 with the Disaster Relief Act but has been expanded over the years to include pregnant women, sickness and hardship cases. Federal civilian employees began coverage in 1954 under HR 9707, while Korean War veterans began receiving unemployment insurance in July 1952 under HR 7656, named the Veterans Readjustment Assistance Act of 1952. Since 1952, the collection of benefits has expanded with passage of HR 4717 (the Revenue Act of 1982) to all service personnel.
From:http://www.investopedia.com/articles/economics/10/continuing-claims.asp
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