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(The Center Square) – Kentucky's unemployment rate continued to increase incrementally in December, even as more residents found work during the month. The 5.2% rate was a tenth of a point ...
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.
Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said. Economists polled by Reuters had forecast ...
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% .
The bill would also amend the Unemployment Compensation Extension Act of 2008 to exempt weeks of unemployment between enactment of this Act and September 30, 2014, from the prohibition in the Federal-State Extended Unemployment Compensation Act of 1970 (FSEUCA of 1970) against federal matching payments to a state for the first week in an ...
Kentucky Employers' Mutual Insurance (KEMI) is a workers' compensation insurance company in Lexington, Kentucky. KEMI was created in 1995 and is the largest provider of workers' compensation insurance in Kentucky. [citation needed] KEMI is a mutual insurance company owned by its policyholders. KEMI is financed entirely by premium dollars and ...
The unemployment rate is forecast to be unchanged at 4.2% in September. It has increased from 3.4% in April 2023 as a surge in immigration boosted labor supply.
The Extended Unemployment Compensation Account (EUCA) pays for the federal share (50%) of benefit outlays under the federal-state EB program. EUCA is also used to fund temporary recessionary benefit programs, such as the Emergency Unemployment Compensation (EUC) program.