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What does Initial jobless claims mean?

Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. ... For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa.

What does initial claim mean?

Initial Claims is a report that measures the number of jobless claims filed by individuals seeking to receive jobless benefits. ... The initial claims number is watched closely by financial analysts because it provides insight into the health of the economy.

What day of the week are jobless claims released?

Often, the moving four-week average of jobless claims is monitored rather than the weekly figure. The report is released at 8:30 a.m. ET on Thursdays and can be a market moving event.

What is a continued claim?

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits.

Is unemployment a welfare program?

Benefits are generally paid by state governments, funded in large part by state and federal payroll taxes levied against employers, to workers who have become unemployed through no fault of their own. ... This compensation is classified as a type of social welfare benefit.

How long does it take for unemployment to process the claim?

How long will it take to get my unemployment benefits after I file? The federal Department of Labor's website says that you can expect your first unemployment check two or three weeks after you apply, as long as you submit all the required information, and no follow-up is necessary.

What does claim processed mean?

What is CLAIMS PROCESSING? An insurer receiving, investigating and acting on a claim filed by an insured, fulfilling its obligation. These actions of review, investigation, adjustment (if necessary), and remittance or denial of the claim includes multiple administrative and customer service layers.

What is the continued claim certification?

The DE 2500A, commonly called a continued claim certification, is your request for continued disability benefits. By signing and dating the front of the form, you certify that during the dates shown on the continued claim certification you have not recovered from your disability.

What does reissue mean for unemployment?

Getting Started: Certifying for Benefits If a certification is incomplete, missing information, or completed incorrectly, the EDD will mail you a duplicate (reissued) Continued Claim Form (DE 4581) with a message. This page explains what the messages mean, what you can do, and how to prevent these delays.

How long does it take for EDD to certify?

Most customers certify for continuing benefits two weeks at a time. If you have multiple weeks that need to be certified, you'll start with the oldest week first. You can only certify for two weeks at a time regardless of the number of weeks available.

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