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Weekly unemployment benefits provided by the state will be increased from a maximum of $350 to $600. Gov. Cooper increases NC unemployment benefits after Helene. Here’s what’s available.
The leader of the North Carolina agency tasked with providing aid to unemployed workers says payment delays aren’t expected to be brought up to federal standards in a year.
North Carolina’s unemployment rate of 3.4% is virtually in the middle of all 50 states. The rate is slightly higher than those of neighboring states Virginia, Tennessee, Georgia and South Carolina.
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.
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.
McCrory signed legislation that made North Carolina the 8th state to cut unemployment benefits since the start of the Great Recession. In addition to cutting maximum weekly unemployment benefits by 35%, the legislation reduced the maximum number of weeks of assistance to between 12 and 20, down from 26.
North Carolina posted lower unemployment rates since the end of the pandemic and beginning of the Biden’s term, according to Bureau of Labor Statistics reports.
The act (Statutes 1935, chapter 352) was set up to provide "a (monetary) reserve to assist in protecting the public against the social effects of unemployment." The purpose of the department was to operate a statewide system of employment agencies and distribute the payment of unemployment insurance to eligible unemployed workers. [citation needed]