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Most South Carolina workers will be starting 2023 off on the right financial foot with a bump in their paychecks, as the state has announced adjustments to its withholding tax tables, partly due to...
The number of payroll jobs reported by employers is also up to 2,390,800 from last month’s 2,382,400. ... "South Carolina’s July unemployment rate moved up to 3.9%, which remains lower than ...
Here's a look at how weekly unemployment claims changed in South Carolina last week compared with the week prior. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call ...
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.
Other data series are available back to 1912. The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
He was succeeded by Virgil W. Duffie, Jr. In 1994, the State of South Carolina restructured the Department of Labor, creating the Department of Labor, Licensing, and Regulation. That change also brought a title change for the agency head from Commissioner of Labor to Director of the Department of Labor, Licensing, and Regulation. [1] [2]
By Seanna Adcox COLUMBIA, S.C. (AP) -- A state with chronically high unemployment is making it tougher for the jobless to draw benefits by trying to force people to take lower-wage jobs and making ...
There is an additional Medicare tax of 0.9% on wages above $200,000. Employers must withhold income taxes on wages. An unemployment tax and certain other levies apply to employers. Payroll taxes have dramatically increased as a share of federal revenue since the 1950s, while corporate income taxes have fallen as a share of revenue.