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Thanks to the $900 billion COVID-19 relief package, which was finally (officially) passed today, some freelance and gig workers may not have to return their overpaid unemployment benefits ...
The problem is serious, and likely at least part of the reason the economy hasn't bounced back more quickly. An unemployment rate above 7% seems to be the new normal -- but I don't see a true ...
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 federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...
When more jobs are available for fewer workers (lower unemployment), that may allow workers to find the jobs that better fit their tastes, talents and needs. As in the Marxian theory of unemployment, special interests may also benefit. Some employers may expect that employees with no fear of losing their jobs will not work as hard or will ...
That is, unemployment insurance could create longer or more frequent episodes of unemployment than would otherwise occur. This could occur if workers partially cushioned against periods of unemployment are more likely to accept jobs that have a higher risk of unemployment, or spend more time searching for a new job after becoming unemployed. [76]
While unemployment benefits offer some income, the reduction can make it harder to cover all your bills on time. Unfortunately, even one missed payment can negatively impact your credit score.
Wages adjusted for inflation in the US from 1964 to 2004 Unemployment compared to wages. Wage data (e.g. median wages) for different occupations in the US can be found from the US Department of Labor Bureau of Labor Statistics, [5] broken down into subgroups (e.g. marketing managers, financial managers, etc.) [6] by state, [7] metropolitan areas, [8] and gender.