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An individual becomes eligible for long-term benefits if the regular unemployment subsidy is exhausted after 12 months. After the expiration of the 12-month period, an application towards long-term unemployment benefits must be submitted in the first 2 months.
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 share of unemployed who have been out of work for 27 or more weeks (i.e., long-term unemployed) averaged approximately 19% pre-crisis; this peaked at 48.1% in April 2010 and fell to 24.7% by December 2016 and 20.2% by December 2018. [43]
By Richard Eisenberg Although things seem to be looking up on the jobs front (claims for state unemployment benefits just fell to their lowest level since January 2008), the same can't be said for ...
That's the demarcation line between short and long-term unemployment, and once you cross that mark, things change. People describe 8 Ways to Confront Long-Term Unemployment
By Alan Farnham Long-term unemployment: "The invisible problem," Joe Carbone calls it, because so many of the 6 million workers affected are too ashamed or too despondent to talk about it: Six ...
The Bureau of Labor Statistics has released a report on the long-term experience of the jobless [46] which states that, while more younger workers were unemployed, the older worker was the most impacted by long-term unemployment, leading to concerns that ageism may factor in hiring discrimination. [46]
Like "credit default swaps" and "quantitative easing," "long-term unemployment" was a term seldom heard before the 2007 financial crisis. Now it is a very grave reality for 1.3 million Americans ...