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The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024.
The unemployment rate is forecast to be unchanged at 4.2%. "A low hiring environment continues to pose upside risk to continuing claims," said Gisela Hoxha, an economist at Citigroup.
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.
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally last week, but the devastation unleashed by Hurricane Helene in the U.S ...
Initial claims should not be confused with the number of people who actually receive unemployment benefits. For one, initial claims don't include continued claims—individuals who claim benefits for additional weeks of unemployment beyond their initial claim. Additionally, not all claimants will actually receive unemployment benefits. [1]
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 ...
The Washington State Department of Social Security was created by the legislature in 1937 with divisions to manage the state's unemployment benefits and employment offices. [3] It was originally located in the Old Capitol Building in Olympia but outgrew its offices and was later furnished a separate headquarters building in January 1947.
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 ...