Search results
Results from the WOW.Com Content Network
May 3, 2024 at 3:00 PM. Initial filings for unemployment benefits in New York rose last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy ...
t. e. Unemployment insurance in the United States, colloquially referred to as unemployment benefits, refers to social insurance programs which replace a portion of wages for individuals during unemployment. The first unemployment insurance program in the U.S. was created in Wisconsin in 1932, and the federal Social Security Act of 1935 created ...
Separately, Uber and Lyft on Thursday separately agreed to pay a combined $328 million to settle claims by New York Attorney General Letitia James that they systematically cheated drivers out of ...
First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, in another sign that the white-hot labor market is starting to cool off. Thursday’s ...
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 ...
Legal basis. The legality of FUTA has been affirmed in the 1937 Supreme Court case Steward Machine Co. v. Davis.. Amount of tax. Until June 30, 2011, the Federal Unemployment Tax Act imposed a tax of 6.2%, which was composed of a permanent rate of 6.0% and a temporary rate of 0.2%, which was passed by Congress in 1976.
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that the labor market was steadily cooling.
Continued high unemployment levels also lowered the amount of Social Security tax that could be collected. These two developments were decreasing the Social Security Trust Fund reserves. In 1982, projections indicated that the Social Security Trust Fund would run out of money by 1983, and there was talk of the system being unable to pay benefits.