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Nevada might have a lower overall cost of living compared to some states, but it has the highest unemployment rate for seniors at 16.6%. This makes it very hard for seniors to find work.
Most seniors live out their days on a relatively fixed income that's a combination of retirement savings and Social Security payments. As it's hard to increase your income once you stop working ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
In the United States, there are 50 state unemployment insurance programs plus one each in the District of Columbia, Puerto Rico and United States Virgin Islands. Though policies vary by state, unemployment benefits generally pay eligible workers as high as US$1,015 in Massachusetts to a low as US$235 per week maximum in Mississippi .
To get an idea of how many Americans have been out of work for more than a year, envision the state of Louisiana. Yes, the state's population -- around 4.4 million -- is about the same as the ...
Other data series are available back to 1912. The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
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In most states, you can apply for unemployment benefits if you lost your job after age 62 and still plan to continue working — so long as you weren’t fired “for cause.”
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