Background on Jobs

Unemployment Issues

• Unemployment insurance is paid by all employees as "state UI taxes", at a rate of 0.8% of income for the first $7,000 of annual income.
• As a result of the American Recovery and Reinvestment Act passed by Congress in February 2009 (known as "The Stimulus Bill"), many unemployed people can receive up to 99 weeks of unemployment benefits.
• Normally, unemployment payments are taxable income; but the Stimulus Bill exempted the first $2,400 worth of unemployment income received during the 'tax year' of 2009 will be exempted from being considered as taxable income on the Federal level, when American taxpayers file their 2009 IRS tax return paperwork in early 2010.
• Many candidates in 2011 push for extending unemployment benefits beyond 99 weeks, since 7 million people have maxed out (known as "99ers").

Union Issues

• Total union membership stands at about 16 million workers, or 14% of the workforce.
• Union membership has been falling steadily since 1958, when it stood at 35% of the workforce.

  22 states in the US are right-to-work states. In the other 28, if a business is a union shop, you have to join the union if you want to work there. There is no federal right-to-work law; it's determined by each state.

Minimum Wage

• The minimum wage is currently $7.25, increased from $5.15 in 2009, by an act of Congress.
• The last increase took place in three stages over a period of years; another increase will require another act of Congress.
• Some candidates want to increase it again now, and automatically increase it to keep up with inflation (known as "indexing").

Farming Issues

• The U.S. agricultural sector has faced strong foreign competition in a weakened global trade setting.
• The value of U.S. agricultural exports has been reduced, falling from a record of almost $60 billion in fiscal 1996 to $49 billion currently being estimated for fiscal years 1999 and 2000. Export volumes for 1999 and 2000 are higher than in 1998, but low commodity prices have held the total value down.
• Farm income has fallen: Although somewhat buffered from further declines by increases in government payments (counter cyclical marketing loan benefits and emergency/disaster assistance payments), net farm income has fallen from nearly $55 billion in 1996 to $40.4 billion currently being forecast for 2000.
• Stronger demand: Continuing improvement in global macro economy underpins strengthening demand. Structural reform in crisis countries leads to strengthening global economic growth, particularly in developing countries, providing a foundation for further gains in trade and U.S. agricultural exports.
• The annual Farm Bill provides for numerous subsidies to numerous classes of farmers. The Farm Bill is heavily supported by Senators from farm states.

Foreign trade and import regulations are covered on the Free Trade page.
Corporate welfare issues are covered on the Government Reform page.
Earned-income Tax Credits are covered on the Tax Reform page.