… weeks to signal the economy is actually beginning to add jobs.

And it’s not just new unemployment claims that are unsettling some economists. The number of workers remaining on unemployment benefits (including emergency benefit extensions) has not fallen at all. A matter of fact, the number of people receiving ongoing unemployment benefits rose by 5,000 reaching a total of 5.19 million unemployed workers. And that’s not including workers receiving unemployment insurance …

Category: Bankruptcy , Economy , Unemployment - Job Loss

Tags: Economy Job Loss Unemployment United States

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In an effort to replenish the Texas unemployment insurance fund, the Texas Workforce Commission has announced that next year two-thirds of Texas businesses will pay nearly three times the unemployment benefits tax they paid this year.

Businesses that pay the minimum state unemployment tax will owe nearly $65 per worker in 2010, up from about $23 this year. Under Texas’ unemployment insurance system, the minimum tax is paid by …

Category: Economy , Unemployment - Job Loss

Tags: Employment Insurance Recession Texas Trust Fund Unemployment

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The Labor Department claims that the number jobless workers applying for unemployment for the first time is steadily decreasing; but could that mean a spike in bankruptcy filings?

Initial claims for unemployment insurance rose by 17,000 to a seasonally adjusted 474,000, the Labor Department said Thursday. That was above analysts’ expectations of 460,000 new claims… The number of people continuing to claim benefits fell by 303,000 to 5.16 million, the lowest …

Category: Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Labor Department Recession Unemployment United States

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… several factors may greatly impact your tax liability. For unemployed workers who received unemployment insurance benefits, the IRS will tax all benefits after the first $2400.  If taxes were not automatically withdrawn from your unemployment benefits check you could end up being liable for hundreds, if not thousands of dollars in taxes.  Here’s what you need to know about reducing your tax liability and/or deferring payment as an unemployed person:

If you are searching for a …

Category: Tax - Debt Garnishments , Unemployment - Job Loss

Tags: Standard of living tax Unemployment

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According to an article in the Dallas Morning News, the Texas unemployment compensation fund is out of money and relying on loans from the federal government to survive. New taxation for businesses is probably the only way to get out of the red; but officials are hesitant to hit businesses with higher taxes during this recession.

The article said:

“No decision has been made, but commissioners could suspend for two years an assessment that makes up …

Category: Bankruptcy , Economy , Unemployment - Job Loss

Tags: Insolvency Recession Texas Unemployment benefits

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… to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000.

The article said:

“Despite the improvement, initial claims remain well above the 325,000 that economists say is consistent with a healthy economy.”

Also, there are still 8.9 million Americans continuing to receive unemployment benefits, including those who are receiving benefits through the emergency …

Category: Economy , Unemployment - Job Loss

Tags: Unemployment United States Department of Labor

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According to an article in the Dallas Morning News, first-time claims for unemployment insurance benefits increased more than expected last week.  The Labor Department reported that initial unemployment insurance claims rose to 551,000 from 534,000.  Analysts had expected that unemployment claims would only rise to 535,000.

“Economists closely watch initial claims, which are considered a gauge of layoffs and an indication of companies’ willingness to hire new …

Category: Unemployment - Job Loss

Tags: Job Loss Unemployment

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According to an article in Reuters, America’s high unemployment rate is causing a surge in the number of foreclosures and bankruptcy filings nationwide.

The article said:

“Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July…By comparison, 4.89 percent of mortgages were 30 days past due in August 2008…The rate of subprime mortgage delinquencies now …

Comment by Tony Cartman: … showing that unemployment last month was high too …

Tags: Bankruptcy Foreclosures Unemployment

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According to an article in the Star-Telegram, the Texas unemployment rate hit 8 percent for the first time in 22 years.  The last time the state experienced unemployment numbers that high was during the 1980’s oil bust.  But despite Texas’ high unemployment rate, the state is still fairing better than the country as a whole, which has an unemployment rate of 9.7 percent.

The article said:

“Despite our strong Texas economic foundation, the …

Category: Unemployment - Job Loss

Tags: Texas Unemployment

Permalink: /job_loss_unemployment/texas-unemployment-at-22-year-high/

… the ages of 25 and 29 and women over age 55 are being hit hardest by job losses and prolonged unemployment.

The article said:

“Places with high concentrations of people in their late 20s or nearing what they thought would be their retirement age are feeling the recession the hardest, as measured by The Associated Press Economic Stress Index… The groups associated with the highest stress scores in each U.S. county are men and women between ages 25 and 29 and women over age 55. …

Comment by Pete: California Unemployment Trends – July 2009 …

Tags: Bankruptcy Recession Unemployment Work

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The metroplex continues to feel the pain of unemployment as updated stats were announced today in the Denton Record-Chronicle.  The City of Denton and Denton both experienced significant increases in their unemployment rates.   The article stated:  “Denton County’s unemployment rate reached 7.6 percent in June, up a full point from 6.6 percent in May. The city of Denton’s unemployment rate rose to 6.6 percent in June, increasing …

Category: Dallas Bankruptcy , Debt and Tax Relief , Unemployment - Job Loss

Tags: Bankruptcy Law Out of Work Texas Unemployment

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According to an article in the Dallas Morning News, the national unemployment rate rose to 9.5 percent as employees suffered 298,000 job losses in August. But increased job losses and high unemployment hasn’t stopped many companies from enjoying higher productivity.

The article said:

“… U.S. worker productivity rose in the second quarter at the fastest pace in almost six years as companies squeezed more out of remaining staff to boost profits. …

Category: Dallas Bankruptcy , Economy , Unemployment - Job Loss

Tags: Dallas Morning News Employment Labor Department Productivity Unemployment

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