Question

1.Changes in unemployment insurance policy due to COVID 19.

2.Short run and long-term consequence of changes in unemployment program.

3.please write two paragraph in your opinion.

4. First read qiestions which is on above then write it.

Answer 1

1) The Federal - State Unemployment Insurance program provides temporary unemployment benefits to eligible unemployment workers. Every year the Department of Labour releases a report on the solvency of the state's trust fund. The federal government managed each state's unemployment fund and used by the state to pay out unemployment claims. Due to COVID - 19, states have been implementing a variety of emergency rules for unemployed workers. It helps by waving the seven day waiting period for benefits, allowing businesses to apply for benefits and extending benefits to employees who are under quarantine. Source for state actions come from the National Employment Law Project, National Association of State Workforce Agencies, The National Governors Association, and the Department of Labour CareerOnStop. In normal time, unemployment benefit recipients falls by about seven percent in response to unemployment. But in March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act added a $600 weekly supplement to state unemployment benefits.

2) we have seen that unemployment varies across times and places. There are different cause for short run and long run. In April 2010, a record 45.9 percent of the unemployment were counted by the Buteau of Labour Statistics as long - term unemployed as durations of six months or more. In April or May of 2009 during the past year first a bit below 10 percent, then rising to a bit above 10 percent, and more recently, remaining a bit below 10 percent. By comparison,in the 1957-59 recession this proportion peaked at about 10 percent; in 1982-83, it peaked at about 26 percent. Short term unemployment that lasts longer than 27 weeks.