Search results
Results from the WOW.Com Content Network
A total of 36.5 million filed for unemployment insurance from March 21 to May 9. [19] The Congressional Budget Office estimated that costs for unemployment insurance claims were $49 billion in April 2020, versus $3 billion in April 2019. An estimated $27 billion of the increase was due to the $600/week increase in unemployment benefits due to ...
Nationally, unemployment has slowly fallen since its initial record spike in April as a result of the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported last month that the national ...
A viral social media post claims some states have high unemployment rates because they’re run by Democratic governors. That is missing context. Fact check: State unemployment rates impacted by ...
According to Michele Evermore, senior policy advisor for unemployment insurance at the U.S. Department of Labor, individuals who test positive for COVID-19 and stay home to recover are not ...
[36] [37] Conversely, during periods of high unemployment, resignation rates tend to decrease as hire rates also decrease. For example, during the Great Recession, the U.S. quit rate decreased from 2.0% to 1.3% as the hire rate fell from 3.7% to 2.8%. [35] Resignation rates in the U.S. during the pandemic initially followed this pattern.
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 ending of emergency unemployment benefits (EUB), which were put in place during the early days of the pandemic, helped boost economic growth, according to a new paper by the Federal Reserve ...
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.