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dol.ny.gov. The New York State Department of Labor (DOL or NYSDOL) is the department of the New York state government that enforces labor law and administers unemployment benefits. [1][2] The mission of the New York State Department of Labor is to protect workers, assist the unemployed and connect job seekers to jobs, according to its website. [1]
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.
The act (Statutes 1935, chapter 352) was set up to provide "a (monetary) reserve to assist in protecting the public against the social effects of unemployment." The purpose of the department was to operate a statewide system of employment agencies and distribute the payment of unemployment insurance to eligible unemployed workers. [citation needed]
U.S. unemployment claims dropped to 210,000 last week, down 2,000 claims from 212,000 the week prior on a seasonally adjusted basis. Missouri saw the largest percentage increase in weekly claims ...
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As of 2014, New York City hosted 300,000 employees in the tech sector. [46] [47] The technology sector has been claiming a greater share of New York City's economy since 2010. [48] The biotechnology sector is also growing in New York City, driven by the city's strength in academic scientific research and public and commercial financial support.
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Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...