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South Carolina’s unemployment rate was 3% in December, according to DEW. DEW also said 74,284 jobs were listed on the state’s SC Works Online System as of Tuesday.
U.S. unemployment claims dropped to 227,000 last week, down 7,000 claims from 234,000 the week prior on a seasonally adjusted basis. North Dakota saw the largest percentage increase in weekly ...
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.
Your federal or state income tax refunds, disability or future unemployment benefits could also be seized to collect what’s owed. What to do if you receive an overpayment notice 1.
Another issue with unemployment insurance relates to its effects on state budgets. During recessionary time periods, the number of unemployed rises and they begin to draw benefits from the program. The longer the recession lasts, depending on the state's starting UI program balance, the quicker the state begins to run out of funds.
The Emergency Unemployment Compensation 2008 (EUC08) is an extension of unemployment benefits authorized under federal law. The Middle Class Tax Relief and Job Creation Act of 2012 (enacted on Feb 22, 2012) modified EUC08. [4] [5] Claimants who filed an initial claim effective on or after May 7, 2006 are potentially eligible for EUC08.
U.S. unemployment claims rose to 242,000 last week, up 13,000 claims from 229,000 the week prior on a seasonally adjusted basis. Puerto Rico saw the most significant percentage increase in weekly ...
Certain credits are allowed with respect to state unemployment taxes paid that may reduce the effective FUTA rate to 0.8%. Effective July 1, 2011, the rate decreased to 6.0%. That rate may be reduced by an amount up to 5.4% through credits for contributions to state unemployment programs under sections 3302(a) and 3302(b), resulting in a ...