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Unemployment rates roughly doubled for all three groups during the 2008–2009 period, before steadily falling back to approximately their pre-crisis levels as of May 2016. [96] The recovery has also favored the more educated in terms of employment and job creation.
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.
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.
Workers in most states have 26 weeks of paid unemployment benefits, but according to the Bureau of Labor Statistics, 21% of workers are now taking more than 27 weeks to find a new job, up 3% from ...
Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018. The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred, prompting fears of a recession.
Claims have entered a period of volatility, which could see large swings in the data. ... A jump in the unemployment rate to 4.3% in July from 3.7% at the start of the year saw the U.S. central ...
The rule only relies on a single data series, national unemployment, which is published monthly by the BLS. This differentiates the index from other recession indicators based on statistical models, which may rely on dozens of inputs. [12] Further, unemployment can be more easily understood than complex financial series. [13] [14]
Stocks are seeing a post-unemployment pop today now that the rate has dipped to 7.8% as the lowest since January 2009. Whether or not you trust the numbers is up to you, but one thing that ...