Box: Calculating The Participation Rate An Example
The participation rate expresses the labour force as a percentage of the working-agepopulation. The working-age population includes Australian residents aged 15 yearsand over .
Using the numbers in the example above there are 13.3 million people in the labourforce and, if the working-age population is 20.0 million people, the participation rate is 66.5per cent.
Labour force participation typically moves with the business cycle. Whenbusinesses are hiring more workers and offering higher wages, the incentives are greater toactively look for work. In contrast, when businesses are not hiring and offering smaller wageincreases, there is less of an incentive for people to look for work.
There are also structural influences affecting labour force participation thatare independent of the business cycle. Some examples of trends that have affected theparticipation rate in the past include: more opportunities to work part time an increase in thenumber of females looking for work and people working for longeras they delay their retirement.
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C Te Monetary Entitlement Section 1271
A claimant still attending CTB approved training, who exhausts all other UI or extended benefit entitlement and was originally found potentially TE eligible, may not be monetarily eligible to file a TE claim or continue to receive all of the TE benefits when the maximum TE amount is reached or exceeded. This monetary eligibility limitation exists regardless of the ending date of the approved period of CTB training. Claimants who are not monetarily eligible to receive TE benefits must be issued the DE 1080TE and if a balance remains on the TE claim, the claim must be flagged to prevent further payment.
The TE monetary award defined in subdivision 1271 of the UI Code provides that eligible claimants may receive a TE award of up to 52 times the weekly benefit amount of the parent UI claim, reduced by the maximum benefit amount of the parent regular UI claim and any subsequent regular UI claim, and the actual amounts already paid on the TE claim. In addition, subdivision 1271 provides that benefits payable under any federal unemployment compensation law shall be included as benefits payable under this section. The Department interprets this to mean that designated amounts of any extended benefits the claimant has received also reduce the maximum TE amount. The designated amount used to reduce the TE is based on whether the extended benefit claim and the TE claim share the same controlling parent claim.
What To Do If You Were Laid Off In California
If you were laid off or the company closed, there are a few steps you need to take. First, dont quit your job when you hear the company is shutting down or youre being laid off. If you quit, you lose the right to claim unemployment benefits. Your first step should be to contact your supervisor to learn as much as you can about the layoff process and how the company plans to manage it. Some companies may provide severance pay or benefits for a certain amount of time after a layoff, although thats less likely if the business is closing.
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C Claimant No Longer Attending Training
TE benefits are payable only while the claimant is in CTB training. If the claimant successfully completes training or drops training, no further TE benefits may be paid. This includes situations where the training provider has the participant in a job search program after the classroom or onsite training has been completed.
If the claimant is receiving TE benefits and is no longer in training regardless of the reason, a definite TB disqualification using the appropriate RD under Section 1267 must be issued to prevent any further TE payments. In addition, an overpayment may be establish, if appropriate.
Claimants who complete or drop training while on a regular UI or extended benefit claim must resume an active search for work and meet AA and SW eligibility requirements. It is appropriate to issue an indefinite TB disqualification, under Section 1267, to inform the claimant that his/her CTB approved period of training has ended and that to remain eligible for benefits he/she must meet AA, ESW and SW requirements. In addition, the TB disqualification flag must be inactivated to allow continued benefit payments.
Unemployment Challenges To Individuals
It is not only the responsibility of the government to take initiation in reducing the unemployment problem, even individuals has to take step to overcome this problem. Lot of adjustments are to be done by the individuals to come out of this situation. With out taking hasty decisions like suicide, frustration they can plan and do proper adjustments like debt adjustments, expend their liquid assets when it is required, cut down their expenditures and also encourage other family members to find jobs so that they can compensate in income generation.
An individual has to increase their capabilities and participate in proper counseling and training sessions to improve their performance levels and enhance their skills. They have to think about self employment apart their job with the help of their family members. This also improves their standard of living.
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What Other Specialized Degrees Exist
Among other degrees, there are Master of Social Work , Doctor of Social Work , Master of Education degree , Master of Business Administration , or Doctor of Business Administration .
After learning about all the available degree options and their specifications, you can make the right choice.
Just make sure to check various school to find the program that suits your needs most of all.
What Is Disguised Unemployment
Disguised unemployment exists when part of the labor force is either left without work or is working in a redundant manner such that worker productivity is essentially zero. It is unemployment that does not affect aggregate output. An economy demonstrates disguised unemployment when productivity is low and too many workers are filling too few jobs.
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Dont Say That You Needed Additional Time To Focus On Applications Requirements
Even if its true that youre using your extra time to study for the GMAT or work on your essays dont emphasize that. Most applicants will be applying while also doing a full time job, and your needing extra time will look like a weakness in comparison. You should be doing things that make your application betternot because you NEED to do them, but because youre just very passionate about whatever volunteer/extraprofessional projects youre working on.
What A 10% Unemployment Rate Really Means
Profit Confidential Column, by Michael Lombardi, CFP, MBA
Well, its official.
This morning, the October U.S. job numbers came out and the unemployment rate in the U.S. has now moved into double-digit territory. Currently, 10.2% of American workers are unemployed the highest level since 1982, when interest rates were also in double-digit territory.
I wont get into the specifics of the job loss numbers, as this information is widely available on straight business news sites.
Here are two very important points on the job loss numbers that you will not read elsewhere this morning:
Firstly, and I dont want to scare you with it, but if we had 10% unemployment in 1982, when interest rates were also at double-digit levels, by bringing interest rates steadily lower, the unemployment rate fell. Today, with interest rates at zero, how can we bring interest rates lower to stimulate the economy and to lower the unemployment level? We cant. We are basically screwed.
Central bankers brought interest low after the 9/11 catastrophe to save the economy, but when the economy got better, they just kept reducing interest rates , as opposed to raising interest rates to tame the boom. So, what happened after the boom went to bust? Well, interest rates went down again this time to zero.
This morning, it was announced that the Canadian economy lost thousands of jobs in October almost wiping out the job growth it experienced in the previous two months.
Michaels Personal Notes:
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Unemployment Meaning Causes And Effects
The economists describe unemployment as a condition of jobless within an economy. Unemployment is lack of utilization of resources and it eats up the production of the economy. It can be concluded that unemployment is inversely related to productivity of the economy.
Unemployment generally defined as the number of persons who are willing to work for the current wage rates in society but not employed currently. Unemployment reduces the long run growth potential of the economy. When the situation arises where there are more other resources for the production and no man power leads to wastage of economic resources and lost output of goods and services and this has a great impact on government expenditure directly.
High unemployment causes less consumption of goods and services and less tax payments results in higher government borrowing requirements. The impact of the unemployment is seen with the individuals and household curtailing the consumption drastically to meet financial obligation and factors like this have adverse impact on the whole economy. It also reduces the output of goods and services which could have produced by unemployed labor force. An economy is producing substantially below its potential if unemployment rate is extremely high, thus everybody in the society loses by consuming and enjoying less because less is produced for distribution.
B Initial Te Eligibility Determination Section 1271
If the TE pre-eligibility conditions are satisfied, then the claimant must meet the initial TE eligibility condition that the claimant must have inquired about CTB or training or started training before the 16th week of UI benefits is received. If the claimant has a UI claim of less than 16 weeks, he or she must apply for CTB before UI benefits are exhausted or the claim is expired.
In determining TE eligibility, the receipt of 16 weeks of paid UI benefits is computed on the most recent valid regular UI claim on which CTB was approved. Unpaid weeks such as waiting period , false statement penalty , excessive earnings , or fixed disqualifications such as suitable work are not counted toward the 16 week calculation. The paid weeks do not have to be consecutive payment.
Precedent Benefit Decision, P-B-466, issued October 3, 1989, specifically defined the 16-week period. In this case the claimant established a valid claim effective June 5. She did not receive UI benefits during her waiting period week, June 11. She did receive UI benefits for thirteen consecutive weeks, after which she returned to work for seven weeks. She reopened her claim and was paid benefits for one week, the week ending November 5. During the two-week period ending November 26, she again worked. She reopened her claim and was paid benefits for the next sixteen weeks beginning week ending November 26 through March 11.
The Board did not agree with either position. In its decision the Board held:
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Dont Stop Looking For Jobs
Even if you dont get the new position until after youve submitted your application, sending an update letter with the news may still be valuable to your application. The last thing an MBA admissions committee wants to see is that youre a quitter. If youre truly passionate about your goal then the adcom wants to believe youll strive to reach that goal whether or not you get into business school. If its truly meaningful to you, youll get there, no matter that path. Theres no better way to prove this commitment than continuing to advance toward your goal even when life gets in the way. Keep looking for jobs in your desired field that way, even if you dont get accepted to your dream MBA, youll be that much closer to your goal anyway!
How To Collect Extended Unemployment Benefits
How you will collect extended benefits will vary based on your state. In some states, you wont need to do anything. You will automatically be paid for the additional weeks. In others, you may need to apply.
- If you are currently collecting unemployment benefits:Benefits are provided through the state unemployment offices, and information on eligibility will be posted online. If you are eligible, you will be advised on how to collect when your regular unemployment benefits end.
- If you have exhausted unemployment benefits:Long-term unemployed workers who have already exhausted state unemployment benefits may also be eligible for additional weeks of benefits. Check with your state unemployment website for eligibility criteria in your location.
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Do Focus On A Growth Story
How this time has made you better prepared for your future goal? Theres a ton you can do during your application cycle year that isnt rooted in your past career experiences. Many MBA applicants use their degree to pivot careers, and if thats the case for you, use this period of unemployment to test out that next career pivot! Especially if income isnt a major issue at the moment, you can be free to explore your future goals in new and exciting ways that a full-time career would not have allowed.
- Volunteer, intern or work at an NGO in your future field though not a paid position, by demonstrating to the admissions committee that youre passionate enough about your long-term goal to take the time before you MBA to explore the new field and gain hands-on experience, you could potentially use this time of unemployment to make a larger impact toward your overall application argument.
- Start a business Do you have entrepreneur long-term goals but no experience starting a business from the ground up? Use this time of unemployment to do that leg work. The great part about starting a business during the application cycle is that you dont have to grow it to fruition in order to use this influential experience your essays . Done right, this can even count as employment and paper over your entire gap.
F Quitting Work With Good Cause Section 1267
Section 1267 provides that benefits shall not be denied to a claimant for leaving his/her most recent work under Section 1256, if continuing that work would require the claimant to terminate his or her training or retraining course of instruction. This provision applies only after the claimant is attending CTB approved training. If the CTB eligible claimant obtains work during a summer break, and continuing to work when the training resumes would interfere with his or her successful completion of the training program, and all attempts were made to change the working conditions to continue in training, the voluntary leaving of the job would be with good cause .
For a discussion of a quit to enter training, refer to California Code of Regulations, Title 22, Section 1257-5, and to the Benefit Determination Guide, Voluntary Quit volume.
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What Designations Exist For Doctoral Students
When it comes to liberal art disciplines, Ph.D. or Doctor of Philosophy is the highest degree you can obtain.
At the same time, those interested in clinical and counseling psychology can obtain PsyD, Doctor of Psychology degree.
Medical students can apply for an M.D. degree and law students for J.D. degree.
F Redeterminations And Base Period Employers
Precedent Tax Decision 488 , issued on August 25, 1999, found that base period employers of CTB eligible claimants are entitled to timely notice of the maximum amount of potential benefits charges, including TE benefits. To avoid paying extra benefits charges, base period employers also have the right to protest the claimants eligibility for CTB. When the claimants first notice of CTB eligibility decision is generated on a claim, a Notice of Training Extension, DE 1545TE, is generated to all base period employers. If any base period employer responds within 15 days of the mail date on the DE 1545TE and questions a claimants eligibility for CTB, a reconsidered determination of eligibility of both the CTB and the TE may be conducted.
Only claimants who were found eligible for self-arranged training are subject to a CTB redetermination of eligibility. A claimant attending self-arranged training may have their CTB eligibility reversed if a base period employer provides a timely response with sufficient evidence that shows that claimant does not meet any of the conditions of Section 1269.1. Otherwise, the employer who submitted the timely protest to the DE 1545TE must be issued a decision affirming CTB eligibility.
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