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Though the unemployment rate is currently at a historical low, economists polled in Bankrate’s Economic Indicator survey predict that a recession could lead to a loss of jobs in the coming year ...
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.
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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 ...
To date, Congress has not passed any further extensions. [2] EUC has four levels: Tiers 1, 2, 3 and 4. [3] The Emergency Unemployment Compensation 2008 (EUC08) is an extension of unemployment benefits authorized under federal law. The Middle Class Tax Relief and Job Creation Act of 2012 (enacted on Feb 22, 2012) modified EUC08. [4] [5]
Contrary to popular thought, some workers who have lost their job collect unemployment insurance while working part time — but there are rules governing how many hours might be worked (and how ...
The most recent extension was provided by the American Taxpayer Relief Act of 2012, which extended unemployment benefits until the end of 2013. [ 2 ] The United States Department of Labor 's Bureau of Labor Statistics reports that the average (mean) duration of unemployment in weeks was 37.2 weeks in November 2013. [ 3 ]
Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30, the Labor Department said on Thursday. Economists polled by Reuters had ...