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Though the unemployment rate is currently at a historical low, economists polled in Bankrate’s Economic Indicator survey predict that a recession could lead to a loss of jobs in the coming year ...
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The state unemployment rate for November is 3.5%. Eight counties were at 3% or below. Moore and Williamson counties tied for the lowest at 2.6%. The highest jobless rate was in Unicoi County at 6% ...
Frictional unemployment is always present in an economy, so the level of involuntary unemployment is properly the unemployment rate minus the rate of frictional unemployment. Involuntary vs voluntary unemployment: Job loss is considered to be a form of involuntary employment, and occurs when workers are either fired or laid off.
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.
Taxes under State Unemployment Tax Act (or SUTA) are those designed to finance the cost of state unemployment insurance benefits in the United States, which make up all of unemployment insurance expenditures in normal times, and the majority of unemployment insurance expenditures during downturns, with the remainder paid in part by the federal government for "emergency" benefit extensions.
The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 ...
The COVID-19 pandemic has hit the U.S. economy hard. Back in April 2020, the U.S. saw the highest unemployment rate since the 2008-09 recession, with more than 22 million people filing for...