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If you've recently lost your job in Kentucky, you may be eligible for Kentucky Unemployment Insurance benefits. This is a guide to filing your claim for Kentucky unemployment benefits. Since each ...
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Deloitte Consulting will replace the KY Labor Cabinet’s aged unemployment insurance system by 2028. During COVID-19, the system was overwhelmed by a surge of benefit requests.
That’s according to unemployment data released by the Kentucky Education and Labor Cabinet. The November unemployment rate of 5.1% was up a tenth from October and up November 2023's 4.3% ...
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.
Kentucky took the approach of raising taxes and lowering benefits to attempt to balance its unemployment insurance program. Starting in 2010, a claimant's weekly benefits will decrease from 68% to 62% and the taxable wage base will increase from US$8,000 to US$12,000, over a ten-year period.
For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use this report to gather pertinent information about the economy, but it's a very volatile data, so the four-week average of jobless claims is monitored.
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