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The four-week average of weekly claims, which softens some of the week-to-week volatility, rose by nearly 6,000 to 224,250. Weekly applications for jobless benefits are considered a proxy for U.S ...
Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 242,000 for the week ended Dec. 7, the Labor Department said on Thursday.
The four-week average of weekly claims, which quiets some of the weekly volatility, rose by 750 to 218,250. Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.
Additionally, not all claimants will actually receive unemployment benefits. [1] The report is released weekly at 08:30 Eastern Time on Thursdays. The data in the report is collected from state unemployment agencies who report the information to the Department of Labor's Office of Unemployment Insurance.
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 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).
In the third quarter of 2022, the average weekly unemployment benefit was $385, CNBC reported. Weekly benefit amounts and weeks of entitlement are based on the wages you were paid and the amount ...
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.