Employment Insurance
Posted by admin in Employment on May 27, 2011
How does the Employment Insurance or EI program help?
The Employment Insurance is also referred to as the EI program. It is designed with the difficulties faced by employees in mind. The best probable application of the Employment Insurance or EI program is the support and temporary income relief it extends to those who are temporarily unemployed. These people could either be in between jobs, dealing with sickness, child-birth or parenting or even providing critical care and support to a family member facing the risk of death. At such trying and difficult times, the Employment Insurance or EI program steps in as saving grace and empowers the employee to go through the phase more confidently.
Who benefits from the Employment Insurance or EI program?
It is essential to remember that you can apply for EI benefit only if you have paid into the account and are dealing with a temporary unemployment. In this case you stand to benefit if you can prove to the authorities that you lost your job through no fault of your own. Such a situation could arise due to shortage of work or even seasonal or sudden management declared ‘breaks’ or mass lay-offs. You can also benefit monetary assistance while dealing with a maternity or parental break in employment or if you are ill and unable to work. Interestingly, you are also liable to receive ‘fishing benefits’ if you are engaged in fishing. You can also claim compassionate care benefit, if you are dealing with an unavoidable break in employment to provide care or support to an ailing family member who is critically ill.
The procedure:
If you have an old Employment Insurance or EI program account that has lapsed, you need to first reactivate the account. If a claim is on record within the last 52 weeks, the reactivation should not be an issue, depending on the individual case and the analysis. In the case of reactivation, you need to submit an application for the same, online. This can be done 24 hours a day, 7 days a week, from any Internet access point. Read the rest of this entry »
US Job Growth Rises
Posted by admin in Employment on May 27, 2011
The world was struck by the worst economic recession a couple of years back, and it all started in the United States. Around 7 million jobs were lost, something that is practically irreversible. But things are really looking up now, and it seems the worst is behind us. Last month saw the largest US job growth in the past 3 years. 162,000 jobs were created in the month, the highest in a long time, 3 years to be precise. The US Labor Department has said that job creation has leaped dramatically in the last month, after many months of losses, but this was still not enough to positively impact the unemployment rate, which stood still at 9.7%. This was still below expectations, which were that of the unemployment rate being 9.7%, but around 184,000 jobs being created.
The US Labor Department said in a released statement, “In March, the number of unemployed persons was little changed at 15 million, and the unemployment rate remained at 9.7%.” The White House too seemed a little relieved and said the economy was being mended. Christina Romer, the top economic advisor of President Barack Obama, said, “Today’s employment report shows continued signs of gradual labor market healing. It will take sustained, robust employment growth to bring the unemployment rate down. Further targeted actions to spur private sector job creation are critically needed to ensure a more rapid, widespread recovery.”
But there are serious worrying factors we cannot ignore. Still 1 in 10 Americans are unable to find a job, something that needs to be looked into very carefully. Read the rest of this entry »