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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 ...
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.
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
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Kentucky (US: / k ə n ˈ t ʌ k i / ⓘ, UK: / k ɛ n-/), [5] [6] officially the Commonwealth of Kentucky, [c] is a landlocked state in the Southeastern region of the United States. It borders Illinois, Indiana, and Ohio to the north, West Virginia to the northeast, Virginia to the east, Tennessee to the south, and Missouri to the west.