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The Maryland Department of Labor, Licensing, and Regulation's Division of Unemployment released data on March 26 showing that unemployment insurance claims increased significantly following the closure of all seated restaurants and bars in the state. The number of new claims increased 984% from 3,852 during the week ending March 14 to 42,334 ...
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.
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Calls to cancel pandemic-era unemployment benefits intensified this week as worries over a labor shortage gained steam, culminating in a crescendo on Friday after a wildly disappointing jobs ...
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An estimated 7.5 million people will be affected.