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Here's a look at how weekly unemployment claims changed in Michigan last week compared with the week prior.
More on the settlement: Michigan's unemployment agency settles lawsuit for $55 million, will make changes More on claimants waiting on benefits: Years post-pandemic, some out-of-work Michiganders ...
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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.
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.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Unemployment: Then and Now. Comparing last year’s unemployment numbers with this year’s can give even the non-economist a concrete look at whether or not the economy is improving, particularly ...
With news out this morning that 712,000 Americans filed for unemployment benefits last week, eight months since Congress’s CARES Act first put relief funds into the pockets of struggling ...