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The DLHR is responsible for setting and implementing public policy in the areas of labor relations, occupational safety, unemployment insurance benefits, re-employment services, and human resources training in the U.S. Commonwealth of Puerto Rico. The Department is also responsible for some economic statistics. [1]
In Puerto Rico, the funds are managed by the Puerto Rico Department of Labor and Human Resources (DTRH, for its initials in Spanish), who hired Evertec Group LLC, a joint-subsidiary of Popular, Inc. and Apollo Management to manage not only PUA requests, but other requests for funds from the CARES Act. [1]
Initial jobless claims measure emerging unemployment, and it is released after one week, but continued claims data measure the number of persons claiming unemployment benefits, and it is released one week later than the initial claims, that's the reason initial have a higher impact in the financial markets.
As well, of those 6.1 million, there are currently 1.6 million open unemployment insurance claims. Unemployment insurance provides money to eligible persons on a weekly basis when they lose their job.
With the unemployment rate moving higher throughout most of 2024 and monthly job gains slowing, the labor market is ending the year inarguably having cooled from where it started. The hiring rate ...
Weekly unemployment claims are seen as a proxy for the number of U.S. layoffs in a given week. Applications for unemployment benefits fell by 9,000 to 218,000 for the week ending Feb. 3, the Labor ...
In the third quarter of 2022, the average weekly unemployment benefit was $385, CNBC reported. Weekly benefit amounts and weeks of entitlement are based on the wages you were paid and the amount ...
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