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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.
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Deloitte Consulting will replace the KY Labor Cabinet’s aged unemployment insurance system by 2028. During COVID-19, the system was overwhelmed by a surge of benefit requests.
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Type I unemployment benefits are only granted for a limited period of time, the minimum being 6 months, with a maximum of 24 months in the case of old and long-term insured people. This takes account for the difficulty older people face when re-entering the job market in Germany. In contrast to type II unemployment benefits, there is no means test.
Kennedy emphasized the importance of focusing on long-term solutions for addressing the economic issues faced by these communities, rather than solely addressing immediate unemployment concerns. While the 1961 act allocated $394 million to stimulate the private sector and create new jobs, an additional $4.5 million per year was reserved for ...
A range of initiatives was put into place, many by executive order, including broader leeway for pharmacists, relaxing of standards for unemployment insurance, extensions of Kentucky driver licenses, the curtailing of non-essential police services in some areas, and moratoriums on evictions and utility shut-offs. [2]