The percentage of out-of-work Americans receiving benefits from state unemployment insurance (UI) programs reached a historic low in 2014, a new study shows.
According to the Economic Policy Institute's (EPI) report, the national UI recipiency rate -- the share of jobless people receiving benefits from state UI programs -- dropped to 23 percent as of last December. That's less than the previous record-low UI recipiency rate of 25 percent, which was set in September 1984.
Though researchers from the Washington, D.C.-based think tank do credit the decline in part to an improving economy, they say state UI programs "in many cases failed to assist jobless workers" after the Great Recession.
Illinois public and private sector leaders are joining U.S. Rep. Bill Foster (D-IL,11) in an effort to help boost jobs and economic development in Will County and the Chicago region.
Foster kicked off his "Project Growth" initiative at a panel discussion in Joliet on Friday. The endeavor is focused on four key issues: education, manufacturing, strengthening the middle-class and transportation.
“My goal in launching Project Growth is to do deep examinations of what’s working in our communities, what isn’t working, and what we can be doing to better support job creation and more economic development,” the congressman said at the launch of his new initiative.