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Leadership. The current Secretary of Labor and Workforce Development is Lauren Jones, who was appointed by Governor Maura Healey in January 2023.. Mission. The EOLWD missions is to enhance the quality, diversity and stability of Massachusetts' workforce by making available new opportunities and training, protecting the rights of workers, preventing workplace injuries and illnesses, ensuring ...
Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
Technological unemployment is the loss of jobs caused by technological change. It is a key type of structural unemployment.Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (), and humans' role in these processes are minimized.
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t. e. Unemployment insurance in the United States, colloquially referred to as unemployment benefits, refers to social insurance programs which replace a portion of wages for individuals during unemployment. The first unemployment insurance program in the U.S. was created in Wisconsin in 1932, and the federal Social Security Act of 1935 created ...
In January 2016, Baker announced $50 million in midyear cuts to reduce a $320 million shortfall in the state budget for fiscal year 2016, [77] and in the same month, Baker submitted a $39.6 billion state budget proposal for fiscal year 2017 to the state legislature. [78] In February 2016, Baker filed a $170 million midyear supplemental spending ...
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.