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The lowest unemployment rate in U.S. history was 0.8 percent in October 1944. That basically meant everyone who wanted a job and wasn't living in a shack surrounded by 100 miles of desert had a ...
Erin Ling, an assistant professor specializing in AI and the future of work at the University of Surrey, in the U.K., said AI is often simply a convenient cover for layoffs that are the result of ...
The unemployment rate — that is, the number of workers who identify as unemployed as a percentage of the civilian labor force — rose to 3.9% during the month. It was the 27th consecutive month ...
Technological unemployment is the loss of jobs caused by technological change. It is a key type of structural unemployment. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes , and humans' role in these processes are minimized.
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 ...
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 ...