Work group reviews indexing Virginia's maximum weekly unemployment benefit to average wage A statutory work group chaired by Delegate Bennett Parker held its first meeting to study tying Virginia's maximum weekly unemployment benefit to the state's average weekly wage; national experts and a third-party review recommend a target near 50–55% and the group will analyze impacts on trust fund solvency and employer tax burdens.

Virginia is exploring a major shift in unemployment benefits, potentially tying them to the state's average wage—could this mean more support for those in need?

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#VA #CitizenPortal #TrustFundSolvency #VirginiaUnemployment #EconomicMetrics #WageIndexing

Beyond nighttime light, alternative metrics were explored for assessing economic growth. Examples include electricity usage, industrial chemical production, or even shipping activity. Each offers unique insights but also carries its own biases. #EconomicMetrics 5/6

A key critique: focusing *only* on the unemployment rate is limiting. It doesn't capture underemployment, wage stagnation, or overall quality of life. A low rate can hide underlying issues for many. #EconomicMetrics 2/5

Economics for real (not-born-rich) people. Y'know, most of us.
#economics #inflation #housing #groceries #biden #unemployment #poverty #jobSatisfaction #economicMetrics #lineGoUp
@somemorenews.bsky.social

What’s the real cost of ‘economic stability’?
In Argentina, it’s millions of people unable to afford basic necessities. Let’s rethink what success means. #EconomicMetrics #SocialWelfare