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U.S. unemployment claims dropped to 212,000 last week, down 8,000 claims from 220,000 the week prior on a seasonally adjusted basis. Kentucky saw the largest percentage increase in weekly claims ...
The surge of unemployment filings and eligibility changes during the pandemic created a massive backlog of claims. Unemployed people reported severe delays in contacting unemployment offices to resolve problems or to file non-traditional claims, with some being told to use Twitter or contact the governor to get problems resolved.
Initial filings for unemployment benefits in Missouri dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell to ...
Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
The unemployment rate fell by 2 percentage points under Obama versus 1.2 points under Trump. Coronavirus closures. In March 2020, during the 2020 COVID-19 pandemic, American unemployment saw a huge increase; claims in one week rose to 3.3 million from 281,000 on the previous week. The previous record for unemployment claims in one week was only ...
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
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New jobless claims, a proxy for layoffs, increased to 8,103 in the week ending April 20, the Labor Department said. There were 4,538 claims the week before. U.S. unemployment claims dropped to ...