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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 Maryland Department of Labor, Licensing, and Regulation's Division of Unemployment released data on March 26 showing that unemployment insurance claims increased significantly following the closure of all seated restaurants and bars in the state. The number of new claims increased 984% from 3,852 during the week ending March 14 to 42,334 ...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
Maryland’s job market has reached a historic milestone. The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8 ...
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Trump was initially described as optimistic about the country's response to the pandemic and the threat level the coronavirus disease 2019 presented the public. As the pandemic's severity escalated in the U.S., Trump repeatedly made false or misleading statements. In contrast, officials within the first Trump administration made numerous ...
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