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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.
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.
There is debate regarding the extent to which safety net programs such as unemployment insurance extend periods of unemployment by reducing the incentive to find work. The Heritage Foundation estimated in September 2011 that extending unemployment insurance increases the unemployment rate between 0.5 and 1.5 percentage points, advocating that ...
For instance, Alabama, Arkansas, Florida, Georgia, Missouri, and South Carolina decreased the maximum duration of unemployment insurance benefits below 26 weeks — the national standard ...
The U.S. economy added much fewer jobs than expected in April, with employers increasing their payrolls by 266,000 jobs, well below the 1 million that economists expected, according to consensus ...
Half of the states planning to cancel the extra $300 in weekly federal unemployment benefits this month could cost their local economies $12.3 billion, according to a new study.
Equifax. Equifax Workforce Solutions, formerly known as TALX (pronounced "talks"), is a wholly owned subsidiary of Equifax. [1] [2] [3] It is based in St. Louis, Missouri. [4] The company was originally founded in 1972 under the name Interface Technology Inc. The company maintains a database named "The Work Number" that holds and maintains ...
From the week ending May 1 through the week ending June 12, continuing claims for state unemployment benefits fell 17.8% in the 26 states ending benefits early, to 990,000, and by 12.6%, to 2.18 ...