Ways of solving the unemployment crisis are many, and some of them include reducing the benefits of the unemployed, increasing the work benefits, getting rid of the minimum wage and encouraging those who are not employed to take any job. Germany adopted this kind of approach to solve the unemployment crisis in the country, and the rate of unemployment drastically dropped.Know More
Raising the wages of the employees whose pay is low encourages many people to take any type of job. On the other hand, reducing the wages of the lowly paid employees raises the rate of unemployment.
Many companies have employment vacancies, but the main problem they are facing is the lack of an experienced labor force. Retraining employees is a good way of acquiring a skilled labor force. However, even though it is difficult for the retrained employees to get hired in different industries, retraining helps in creating jobs in that particular line of specialization.
Another major cause of unemployment is the lack of hands-on experience. Though going to school plays a major role in solving this problem, it does not exclusively eliminate it. A nationwide apprenticeship program would be a better way of curbing the problem whereby willing companies are allowed to train apprentices in new skills suitable for the job market.Learn more about Social Services
The Emergency Unemployment Compensation Program, created on June 30, 2008 during the 2008 global economic recession, provided federal unemployment income to long-term jobless people who had exhausted state unemployment benefits. The program was extended in 2012 to last through the end of 2013, when it expired.Full Answer >
People cannot collect unemployment benefits while on leave under the Family Medical Leave Act (FMLA). The FMLA protects a person's employment status during an approved voluntary leave that falls outside the parameters of being unemployed.Full Answer >
An unemployment award letter is a document sent to individuals who have applied for unemployment benefits and have been found eligible. The award is the maximum amount of money the individual is entitled to and is divided over specific period of weeks. The award amount is based on the individual's highest earnings over an 18-month period.Full Answer >
As of 2014, an individual who wants to claim unemployment benefits in New Jersey must have earned $7,300 over a specific one-year period. As an alternative, one must have earned $145 per week in at least separate 20 weeks over the previous one year.Full Answer >