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(The Center Square) – Illinois employers are bracing for minimum-wage hikes, which may lead to more job cuts around the state. Illinois’ minimum wage is rising from $14 per hour to $15 on Jan ...
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 $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
(The Center Square) – Unemployment in Illinois climbed to 5.3% in October, making the state home to the third highest jobless rate in the country. All told, some 346,000 residents were left ...
The state’s unemployment rate averaged 5.3% in the fourth quarter of 2024, compared to 4.1% in the region and the nation. ... but firms in Illinois tend to pay more in taxes and labor is on the ...
The Illinois Department of Employment Security (IDES) is the code department [1] [2] of the Illinois state government that administers state unemployment benefits, runs the employment service and Illinois Job Bank, and publishes labor market information. [3] As of 12 January 2015, Jeffrey D. Mays was the Director of Employment Security. [4]
The welfare trap (aka the welfare cliff, unemployment trap, or poverty trap in British English) theory asserts that taxation and welfare systems can jointly contribute to keep people on social insurance because the withdrawal of means-tested benefits that comes with entering low-paid work causes there to be no significant increase in total income.
Illinois unemployment rate, 1976–2021 US unemployment rate. Illinois counties by GDP in 2021 (chained 2012 US$) The ...
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