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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.
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 ...
In California, the Employment Development Department ( EDD) is a department of the state government that administers Unemployment Insurance (UI), Disability Insurance (DI), and Paid Family Leave (PFL) programs. The department also provides employment service programs and collects the state's labor market information and employment data.
For instance, Alabama, Arkansas, Florida, Georgia, Missouri, and South Carolina decreased the maximum duration of unemployment insurance benefits below 26 weeks — the national standard ...
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.
Jan. 25—An investigation into suspicious account activity has prompted the Pennsylvania Department of Labor & Industry to offer free credit-monitoring to Unemployment Compensation claimants.
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.
Another 3.3 million workers are estimated to be on the Pandemic Emergency Unemployment Compensation (PEUC) that extends the duration of the unemployment benefits when the program expires in September.