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The unemployment rate dipped to 4.1% from 4.2%, also beating expectations. ... That diminished outlook helped send the 10-year Treasury yield up 8 basis points on Friday to 4.76%, the highest ...
With a growing labor force and fewer job openings, the unemployment rate has climbed from 3.6% to 4.1%. Employment prospects have shifted from two job openings per unemployed worker to just one.
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect ...
A 13-month extension of federal unemployment benefits. [2] [9] The cost of this measure was estimated at $56 billion. [7] A temporary, one-year reduction in the FICA payroll tax. The normal employee rate of 6.2 percent is reduced to 4.2 percent. The rate for self-employed individuals is reduced from 12.4 percent to 10.4 percent. [9]
For the first time since November 2021, joblessness is now at 4.1 percent, still historically low but up from 3.4 percent last year. The number of job openings per every unemployed worker is back ...
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.
Effective July 1, 2011, the rate decreased to 6.0%. That rate may be reduced by an amount up to 5.4% through credits for contributions to state unemployment programs under sections 3302(a) and 3302(b), resulting in a minimum effective rate on and after July 1, 2011 of 0.6% (6.0–5.4%). [2] [3]
"From the Fed's perspective, the unemployment rate started the year in 'too hot' territory at 3.7%, but it has cooled to 'just right' at 4.1% in December," Wells Fargo senior economist Sarah House ...