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New York State minimum wage was raised to $5.15 per hour and linked to federal minimum wage in 2000. [51] In 2001, DOL completed the conversion of the Unemployment Insurance program from in-person filing to a new filing system using an Interactive Voice Response systems and a touch-tone phone.
May 16, 2024 at 10:43 AM. By Lucia Mutikani. ... Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 222,000 for the week ended May 11, the Labor Department said
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.
In general, southern states have the lowest level of unemployment benefits (with Mississippi at $235.00), and Northeastern states have the highest benefit levels (with Massachusetts at $939.00). [159] The Congressional Budget Office provides periodic reports on unemployment insurance programs. The unemployment insurance (UI) program provides a ...
The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, suggesting that the labor market remained fairly healthy. The upbeat outlook on the ...
Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average raise in 2023 at about 4.3% ...
Other data series are available back to 1912. The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more scarce, a sign ...