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Indiana Statehouse

House panel backs cuts to jobless benefits

An Indiana House committee split along party lines to approve a bill that would cut jobless benefits for some people starting next year as the state tries to fix its insolvent unemployment insurance system.

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More unemployment claims filed nationally last week

The U.S. Labor Department says applications for unemployment aid rose by 18,000 to a seasonally adjusted 409,000 in the week ending Jan. 1. Applications fell to 391,000 in the previous week, the lowest point since July 2008.

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Congress sends tax legislation to White House

Acting with uncommon speed, Congress sent President Barack Obama sweeping, bipartisan legislation late Thursday night to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.

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Jobless claims tick up again

Difficulties adjusting for the Thanksgiving holiday contributed to last week’s spike in new applications, a government analyst said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.

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Jobless claims drop sharply

A Labor Department analyst said weekly claims are volatile during the week between the Veteran’s Day and Thanksgiving holidays. A key question is whether claims will remain this low in future weeks.

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