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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]
With the unemployment rate moving higher throughout most of 2024 and monthly job gains slowing, the labor market is ending the year inarguably having cooled from where it started. The hiring rate ...
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 bank kicking off its policy easing cycle with an unusually large half-percentage-point ...
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.
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.
Weekly unemployment claims are seen as a proxy for the number of U.S. layoffs in a given week. Applications for unemployment benefits fell by 9,000 to 218,000 for the week ending Feb. 3, the Labor ...
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.