Mitigating Financial Pain After A Job Loss Essay

Unemployed and working hard. Well that is quite a sentence isn’t it? That gets the gears rolling. How it is that one can be unemployed and working hard? In this essay I have read a lot of new interesting facts about homeless that myself I would have never assumed to be true. I read of a boy the author Simon Wykoff whose own father was homeless for many years and mainly whom the essay is written about, Wykoff often stayed on the streets with his father.

An increase in the unemployment rate means that more individuals do not have an income, thus meaning many households suffer reduced disposable funds. This causes a decrease in the level of aggregate demand within the economy and therefore reduces economic growth. This in turn causes a slower circular flow of income, meaning that households may be forced into or past poverty, as a result of the lowered income generated, reducing the living standards and quality of life. The downturn experienced by the economy can also offset many individuals seeing them not wanting to return back to the workforce due to the lack of jobs available, making them long-term unemployed rather than cyclically unemployed, or if the firm initially was promoting structural change, structurally unemployed. Combined with poverty, the aspect of unemployment can lead to other severe mental health issues and illness reaching extremes.

Jane has two young children, William age four and Sally age two, who will need nutritious food to help with their physical and mental development. One of the food assistance programs is called SNAP (Supplemental Nutrition Assistance Program). Each month the participants receive money on debit card that can be used in most grocery stores. The debit card can usually not be used for items other than food. Another food assistance program is WIC (Women, Infants and Children). This program provides food assistance for pregnant women and children under the age of five. Either of these programs would allow for Jane to purchase the food that her family

Food Stamp is a government-funded program in the United States. This is a program that helps people buy food for their families; in other words, it is a very important program to families living in poverty. It is the nation’s most important program in the fight against hunger. This program was developed in the 1960’s; it is made to improve the nutrition level and food purchasing power of people with low-income. This program is offered to people who cannot afford to buy groceries for their families, regardless of age, color, sex or religion. Food Stamps can only be used to buy food items not hygiene or household items, and it’s offered only on a monthly basis.

Employers are not hiring any new help right now until they are sure that the economy will stay strong and not fall back down again. Many employers will fight against giving an individual unemployment benefits to help save them money on their unemployment insurance rates. The insurance rates are based upon the amount of benefits the unemployed receive. People will find it surprising that their unemployment benefits are being challenged. Employers will try to deny a claim but if one is successful, the cost of the company will raise. Unemployment benefits are not only for the people who have lost their jobs due to company downsizing but to people who have resigned or who were discharged for a reason beyond their control. The benefits are given to people who are unemployed with the intension of seeking new employment. The benefits usually come in small amounts to cover basic needs. You may receive unemployment benefit extensions for an additional thirty-four to fifty-three weeks during high unemployment. While receiving unemployment benefits, you have the option to have taxes taken out of each check as you receive them or you will have to pay at the end of the year when you file

SNAP is the foundation of nutrition assistance programs. This program provides over 47 million individuals in nearly 23 million low-income households. The eligibility is not restricted to certain groups of individuals, and because of this, SNAP serves a vast amount of families with children, elderly people, and individuals with disabilities. Others eligible for SNAP include families with adults who work in low-wage jobs, unemployed workers, and those with a fixed income. The SNAP Program assists about 72 percent of people who live in households with children. Nearly 25 percent of households with seniors and individuals with disabilities, are also assisted (Rosenbaum, 2013).

One of the scariest word for many individuals among the United States can be unemployment. Many families across America have had to deal with the hard blow that can come with losing a job, or not being able to find a job. Unemployment will always be around to snatch the job from any unwilling victim. While unemployment may seem like a broad term, there are actually four categories, or types, of unemployment. These four types are structural, cyclical, frictional, and seasonal.

The unemployment statute was created and enacted by The Legislature of The State of New Mexico. In section 2. 51-1-44 NMSA (1978) (being Laws 1977, Chapter 227, and section 6 as amended. The unemployment law is a federal and state

The time period is called a base period, and it is based on a quarterly calendar year. Eligible employees must have made a minimum amount of money during the most recent prior benefit year. To collect unemployment benefits, a person also must be able to prove that they have looked for other work elsewhere. There are some employees that are not eligible for unemployment. Individuals that are considered an independent contractor or someone who works on commission are not eligible. Also someone who has been fired for misconduct, or quits for any reason other than an illegal or intolerable work environment, participates in a labor strike, refuses an offer to work again for the former employer, or fails to seek acceptable work elsewhere is also

Food stamps – This program is for those that don't make enough and therefore need assistance to get food. In order to be eligible you must meet a few requirements:

Money is money but if you’re living in an apartment and rent costs you $400.00 a month, you aren’t going to have enough money. If you get food stamps then you’re getting free money from the state for food. Most people get food stamps because they don’t have a job. You can only get food stamps up to the day you get a job that pays you just enough money to pay for rent and food. “The Supplemental Nutrition Assistance Program (SNAP, formerly known as the Food Stamp Program) is the nation's most important anti-hunger program.” In order to get food stamps you have to meet the standards. “Households have to meet income tests unless all members are receiving TANF, SSI, or in some places general assistance. Most households must meet both the gross and net income tests, but a household with an elderly person or a person who is receiving certain types of disability payments only has to meet the net income test. Households, except those noted, that have income over the amounts listed below cannot get SNAP

The current bill, the Responsible Unemployment Compensation Extension Act of 2014 also amends the earlier version of the Act of 2008. This current bill seeks to “exempt weeks of unemployment between enactment of this Act by November 30, 2014, from the prohibition in the Federal-State Extended Unemployment Compensation Act (FSEUCA) of 1970 against federal matching payments to a state for the first week in an individual's eligibility period for which extended compensation or sharable regular compensation is paid if the state law provides for payment of regular compensation to an individual for his or her first week of otherwise compensable unemployment” (Vroman, 2009). The bill also proposes several changes, some in which are (i) amendment to the Assistance for Unemployed Workers and

To Prepare Your Case: You will need to record the nature of your injury, as well as the events surrounding it, in order to file your claim. Having access to your medical records may be helpful in documenting the health problems you've experienced as a result of your injury. It's also wise to have the cooperation of any witnesses who may have seen you sustain your workplace injury; this can only help your case. To have the strongest case possible, trust Weingast Law to guide you through the workers' comp process.

Unemployment refers to the numbers of people not working and can be measured by the claimant count and labour force survey. There are different types of unemployment and each of them requires different policies to overcome them.

Millions of Americans have lost their jobs and have joined the growing ranks of the unemployed recently as the recent recession gripped the U.S. In fact, nearly one out of ten Americans are now unemployed and seeking a new job. I'm sure that most of you know someone who has been affected by the recession either by