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In an encouraging sign, for the week ending March 12, the advance figure for seasonally adjusted initial jobless claims was 214,000, a decrease of 15,000 from the previous week's revised ...
Filing for unemployment benefits can be tricky. If you're lucky and haven't lost your job before, it can be a difficult process to wade through the red tape. Some states, such as California, at ...
By Christopher S. Rugaber WASHINGTON -- The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, after a nearly four-year low the previous week. The ...
In the midst of recent economic hardship, the federal government has bolstered the financial assistance offered to businesses and improved the benefits of unemployment insurance for self-employed ...
July 27, 2020, 4:04 PM. WASHINGTON — Senate Republicans are moving to cut the expiring $600 weekly federal unemployment bonus to $200 a week in a new coronavirus aid package they released Monday ...
Employers who pay the state unemployment tax on time receive an offset credit of up to 5.4% regardless of the rate of tax they pay their state. Therefore, the net FUTA tax rate is generally 0.6% (6.0%–5.4%) on the taxable amount of $7,000, for a maximum FUTA tax of $42.00 per employee per year.
Unemployment benefits are typically funded by payroll taxes on employers and employees. This can be supplemented by the government's general tax revenue, which can occur periodically or in response to economic downturn. Contribution rates are usually between 1–3% of gross earnings, and are usually split between the employer and employee.