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The unemployment insurance program is a benefit for workers who have lost their jobs. The maximum duration of benefits has increased from 26 to 99 weeks in some states. Unemployment extensions across the U.S. are typically not a concern due to stringent policies that state unemployment agencies have enacted in recent years.
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.
In the week ending April 9, the advance figure for seasonally adjusted initial unemployment claims was slightly up at 185,000, an increase of 18,000 from the previous week's revised level ...
The U.S. unemployment rate jumped 0.3 points to 3.8% in August as more Americans decided to reenter the labor market. According to data released Friday by the Bureau of Labor Statistics, more than ...
The percentage of the workforce that is part-time has risen from approximately 17.0% in January 2000 to 19.2% in May 2013. Employers do not have to pay some costly benefits to part-time workers and can vary payroll costs more easily to reflect economic conditions. [164]
Half of the states planning to cancel the extra $300 in weekly federal unemployment benefits this month could cost their local economies $12.3 billion, according to a new study.
Okun's law is an empirical relationship. In Okun's original statement of his law, a 2% increase in output corresponds to a 1% decline in the rate of cyclical unemployment; a 0.5% increase in labor force participation; a 0.5% increase in hours worked per employee; and a 1% increase in output per hours worked (labor productivity).
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before. Jobless claim applications declined by 22,000 to 220,000 for the week ...