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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 benefits are paid daily, with the amount calculated based on the employee's previous income over the past six months, but not exceeding the daily average wage for the first 125 days of payment and two-thirds of the daily average wage from the 126th day onwards.
The unemployment rate (U-6) is a wider measure of unemployment, which treats additional workers as unemployed (e.g., those employed part-time for economic reasons and certain "marginally attached" workers outside the labor force, who have looked for a job within the last year, but not within the last 4 weeks).
National "unemployment insurance weekly claims," reported every Thursday by the U.S. Department of Labor (DOL), and often referred to as "jobless claims," are a key indicator of the health of the ...
Here's a look at how weekly unemployment claims changed in Missouri last week compared with the week prior.
U.S. unemployment claims dropped to 233,000 last week, down 17,000 claims from 250,000 the week prior on a seasonally adjusted basis. Utah saw the largest percentage increase in weekly claims ...
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). [3] Unemployment can have many sources, such as the following: the status of the economy, which can be influenced by a recession
More than half of unemployment insurance recipients whose 2020 earnings dropped by 10% or more received benefits that met or exceeded the amount their earnings decreased.