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September 6, 2024 at 4:31 AM. Initial filings for unemployment benefits in Kentucky rose last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a ...
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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.
The United States Commonwealth of Kentucky currently has 32 statistical areas that have been delineated by the Office of Management and Budget (OMB). On July 21, 2023, the OMB delineated 8 combined statistical areas, 9 metropolitan statistical areas, and 15 micropolitan statistical areas in Kentucky. [1] As of 2023, the largest of these is the ...
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Kentucky took the approach of raising taxes and lowering benefits to attempt to balance its unemployment insurance program. Starting in 2010, a claimant's weekly benefits will decrease from 68% to 62% and the taxable wage base will increase from US$8,000 to US$12,000, over a ten-year period.
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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