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Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
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.
Discussions of frictional unemployment focus on voluntary decisions to work based on individuals' valuation of their own work and how that compares to current wage rates added to the time and effort required to find a job. Causes and solutions for frictional unemployment often address job entry threshold and wage rates.
Big tech companies -- Google, Microsoft, Amazon and more -- have announced job cuts this year in the face of uncertain economic conditions. Layoffs typically come during periods of slow growth, but...
(Bloomberg Opinion) -- An effective unemployment-insurance system plays an essential role in a healthy economy. It helps people get by when they lose jobs. It improves productivity by supporting ...
Generally, you can still get unemployment benefits if you quit your job for a worthy cause that can be documented. While requirements vary from state to state, certain eligibility rules like these ...
The unemployment rate (U-6) is a wider measure of unemployment, which treats additional workers as unemployed (e.g., those employed part-time for economic reasons and certain "marginally attached" workers outside the labor force, who have looked for a job within the last year, but not within the last 4 weeks).
For part-time workers out of a job, unemployment eligibility requirements might be harder to achieve depending on your state’s rules. See: 50 Best (and Worst) Cities for an Early Retirement