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Here are the latest numbers. Initial filings for unemployment benefits in Massachusetts rose for the week ending Aug. 31 compared with the week prior, the U.S. Department of Labor said Thursday ...
Initial filings for unemployment benefits in Massachusetts dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell ...
The Massachusetts Executive Office of Labor and Workforce Development (EOLWD) is a Cabinet level agency under the Governor of Massachusetts. EOLWD is responsible for enforcing the Commonwealth's labor laws and for providing workforce training to citizens. EOLWD is also responsible for administering Massachusetts' workers' compensation laws ...
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.
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 ...
September 3, 2024 at 10:37 AM. Initial filings for unemployment benefits in Massachusetts rose in the week ending August 24 compared with the week prior, the U.S. Department of Labor said Thursday ...
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, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) [2] not being in paid employment or self-employment but currently available for work during the reference period. [3] Unemployment is measured by the unemployment rate, which is the number of people who are ...