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Gannett. Staff reports. 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 ...
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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.
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.
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...
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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An unemployment extension occurs when regular unemployment benefits are exhausted and extended for additional weeks. Unemployment extensions are created by passing new legislation at the federal level, often referred to as an "unemployment extension bill". This new legislation is introduced and passed during times of high or above average ...