unemployment benefits

Jobless Benefits Cut in Some States

Posted on 03/21/2013 by | Money and Work | Comments

Bulletin Today | WorkThough the jobs picture is brightening nationally, the average unemployed worker 55 and older has been out of work for nearly 45 weeks. If you’re in this group, you may have something else to worry about: a cut in benefits. [See related: Find a job, start a business.] The length of jobless benefits has been trimmed and the amount of weekly payments has also been cut in some states. The cutbacks reflect the trend of an improving economy. But they’re …

Strong Jobs Report Boosts Older Workers

Posted on 03/8/2013 by | Money and Work | Comments

Bulletin Today | WorkEmployers picked up the pace of hiring in February, and older workers gained from that momentum. A robust 236,000 jobs were created, nudging down the unemployment rate nationally, including for workers 55 and older, the government reported Friday. The jobless rate fell to 5.8 percent last month from 6 percent in January for workers 55 and older. Among older men, their rate dropped to 6 percent in February from 6.2 percent the month before. Older women saw their rate slide …

Unemployment Compensation Is Taxable

Posted on 03/7/2013 by | Money | Comments

WorkThe following is a guest post by Alan Kalman. If you or your spouse collected unemployment benefits in 2012, be sure you count that money as gross income when you file your tax return. It may come as a surprise to some workers, but unemployment compensation from your state is taxable. In fact, there’s a specific line on the 1040, 1040A and 1040EZ forms for you to add the amount to gross income. Find tax forms online. In January of …

Steady Jobs Growth Eludes Older Workers

Posted on 02/1/2013 by | Money and Work | Comments

Bulletin Today | WorkOlder job seekers may feel like they’re scaling Mount Everest in pursuit of work. Employers added 157,000 jobs to their payrolls in January but the unemployment rate for older workers climbed just one-tenth of 1 percent to 6 percent, the government reported Friday. For men 55 and older, the jobless rate remained at 6.2 percent for the second straight month. But to illustrate the challenges they face in landing a job, consider their unemployment rate one year ago — it was …

Thousands Lose Long-Term Jobless Benefits

Posted on 05/10/2012 by | Money and Work | Comments

Bulletin Today | WorkMaking house payments and putting food on the table could get much more difficult for some 200,000 chronically unemployed workers around the United States. On Friday, federal long-term jobless benefits are set to expire in eight states–Texas, California, Colorado, Connecticut, Florida, Illinois, North Carolina and Pennsylvania, according to the National Employment Law Project. This comes one month after extended unemployment benefits expired in 15 other states, cutting off hundreds of thousands of long-term unemployed workers. “This is pretty devastating to …