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The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% ...
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.
The unemployment among Caucasians continues being much lower than those for African-Americans (at 8.5% vs. 15.8% also in 2009). [188] The youth unemployment rate was 18.5% in July 2009, the highest rate in that month since 1948. [189] The unemployment rate of young African Americans was 28.2% in May 2013. [190]
India follows a social insurance system for unemployment benefits much like its European counterparts. Unemployment allowance is given to workers in India who have contributed to the Employees' State Insurance for at least three years. The benefit is given for a maximum of one year and is either 50% of the average daily wage or Rs 35,000 a ...
It will be less lucrative to save money. ... Those favorable conditions for workers were occurring while the unemployment rate was at the lowest level since the late 1960s.
' citizens' money ') is Germany's unemployment payment introduced on 1 January 2023. The Bürgergeld was developed by Olaf Scholz's coalition government and agreed by Germany's two chambers in November 2022. Compared to its predecessor Arbeitslosengeld II (commonly known as Hartz IV), it has a higher unemployment grant . Adult jobseekers living ...
On February 19, the full text of the bill was released. It included an increase in the federal minimum wage, direct checks for Americans making $75,000 or less a year, an extension of $400 federal unemployment benefits and more money for small businesses. [45] [46] On February 22, the House Budget Committee voted 19–16 to advance the bill. [47]