During the economic collapse that began in 2007 and now often referred to as the Great Recession, the United States shed an astonishing 8.4 million jobs, according to federal statistics.  The official national unemployment rate peaked at 10 percent in October 2010 but had dropped to 8.1 percent in April 2012.  However economists say the true rate is higher when discouraged workers who have given up looking for work are taken into account.  Despite signs the economy is slowly recovering, job growth remains spotty creating problems not only for unemployed workers and their families but for politicians as well.  The administrations of President George W. Bush and his successor, Barack Obama, both poured hundreds of billions of dollars into stopping the financial collapse and attempting to stimulate the economy.  From critics of various stripes said it was too much or too little or a sop to the banks and financiers at the heart of the troubles.  The latest extension of unemployment compensation for workers who have exhausted state benefits took effect on March 1, 2012, and runs through the end of the year.


Related Legislation

SB 376 Shared work programs

Unemployment compensation; shared work programs.  Establishes a shared work program that provides employers with the… more »

SB 319 Unemployment compensation

Unemployment compensation; misconduct and qualification for benefits; tests for nonprescribed controlled substances. … more »

SB 248 Employers of domestic service individuals

Reporting and paying unemployment insurance taxes; employers of domestic service individuals.  Allows all employers… more »

SB 69 Unemployment benefits

Unemployment benefits; volunteer service requirement.  Provides that eligibility for unemployment benefits is contingent… more »

SB 54 Unemployment benefits

Unemployment benefits; minimum earnings requirement.  Postpones the scheduled increase, from $2,700 to $3,000, in the… more »

SJ 16 Unemployment Compensation Act

Study; conforming Virginia Unemployment Compensation Act to federal law; report.  Directs the Commission on Unemployment… more »
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Virginia (change)

Virginia was founded in 1607 in Jamestown. Since then, Virginia has grown and prospered into a thriving state rich with diversity from culture to climate.
Offices & Officials

Governor: Robert F. McDonnell
Lieutenant Governor: Bill Bolling
Attorney General: Ken Cuccinelli
Secretary of State: Janet Polarek