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In Puerto Rico, the funds are managed by the Puerto Rico Department of Labor and Human Resources (DTRH, for its initials in Spanish), who hired Evertec Group LLC, a joint-subsidiary of Popular, Inc. and Apollo Management to manage not only PUA requests, but other requests for funds from the CARES Act. [1]
The DLHR is responsible for setting and implementing public policy in the areas of labor relations, occupational safety, unemployment insurance benefits, re-employment services, and human resources training in the U.S. Commonwealth of Puerto Rico. The Department is also responsible for some economic statistics. [1]
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 third quarter of 2022, the average weekly unemployment benefit was $385, CNBC reported. Weekly benefit amounts and weeks of entitlement are based on the wages you were paid and the amount ...
As well, of those 6.1 million, there are currently 1.6 million open unemployment insurance claims. Unemployment insurance provides money to eligible persons on a weekly basis when they lose their job.
The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained fairly healthy. The upbeat outlook on the ...
Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 231,000 for the week ended Aug. 24. Economists polled by Reuters had forecast 232,000 claims for the latest week.
Residents of Puerto Rico are required to pay most types of federal taxes. Specifically, residents of Puerto Rico pay customs taxes, [5] [6] [c] Federal commodity taxes, [6] and all payroll taxes (also known as FICA taxes, which include (a) Social Security, [8] (b) Medicare, [9] and Unemployment taxes). Puerto Ricans on the island paid over $4 ...