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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.
A rough comparison of September 2014 (when the unemployment rate was 5.9%) versus October 2009 (when the unemployment rate peaked at 10.0%) helps illustrate the analytical challenge. The civilian population increased by roughly 10 million during that time, with the labor force increasing by about 2 million and those not in the labor force ...
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
More than half of unemployment insurance recipients whose 2020 earnings dropped by 10% or more received benefits that met or exceeded the amount their earnings decreased.
The unemployment rate now stands at 9.8 percent, we learned Friday morning and, to quote Claude Raines in Casablanca, the market was shocked -- shocked! -- by the news, at least initially. True ...
[177] In March 2018, according to US Unemployment Rate Statistics, the unemployment rate was 4.1%, below the 4.5–5.0% norm. [178] In 2021, the labor force participation rate for non-white women and women with children declined significantly during the covid-19 pandemic, with approximately 20 million women leaving the workforce.
Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by economists. The unemployment rate increased to 4.2% ...
A viral social media post claims some states have high unemployment rates because they’re run by Democratic governors. That is missing context. Fact check: State unemployment rates impacted by ...