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The Washington State Department of Social Security was created by the legislature in 1937 with divisions to manage the state's unemployment benefits and employment offices. [3] It was originally located in the Old Capitol Building in Olympia but outgrew its offices and was later furnished a separate headquarters building in January 1947.
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 unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019. [ 40 ] By August 2023, it reached 3.8 percent.
MATT OTT. August 22, 2024 at 8:17 AM. Slightly more Americans filed for unemployment benefits last week, but the number of claims remains at healthy levels. Jobless claims rose by 4,000 to 232,000 ...
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The Department of Labor and Industries was created by an act of the state legislature in 1921, overseeing industrial insurance, worker safety, and industrial relations. [2] [3] The new agency superseded the Bureau of Labor, created in 1901 to inspect workplaces, and minor state boards and commissions monitoring worker health, safety, and insurance claims.
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Coffin and the Morgan Stanley economics team forecast that unemployment will fall to 4.2% while the US economy added 185,000 jobs last month. "We expect the reacceleration in payrolls to leave the ...