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(The Center Square) – Tennessee's unemployment rate is up slightly, but 91 of 94 counties still have a rate of less than 5%, according to the Tennessee Department of Labor and Workforce Development.
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 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 2020, a rubber parts manufacturer that was the largest employer in Lobelville shut down, significantly adding to the county's unemployment rate. [124] As of May 2024, Perry County's unemployment rate had fallen to 3.6%, a decrease of 1.1% over the preceding year. Even though unemployment had fallen substantially, it was still .6% higher than ...
The U.S. Government Accountability Office says states reported around $55.8 billion in overpayments of unemployment insurance benefits during the pandemic — $5.3 billion of which were fraudulent ...
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In unemployment insurance (UI) in the United States, the average high-cost multiple (AHCM) is a commonly used actuarial measure of Unemployment Trust Fund adequacy. . Technically, AHCM is defined as reserve ratio (i.e., the balance of UI trust fund expressed as % of total wages paid in covered employment) divided by average cost rate of three high-cost years in the state's recent history ...