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The weekly jobless claims report from the Labor Department on Thursday, the most timely data on the economy's health, also showed unemployment rolls shrunk to levels last seen in early June ...
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 so-called continuing claims tracking those who collect benefits beyond the first week increased 2,000 to a seasonally adjusted 1.792 million during the week ending May 25, the claims report said.
The total unemployment claims filed since the beginning of the pandemic have moved up to 51 million, and the situation is still not optimistic since the complete reopening keeps being postponed. [77] A record 4.3 million people (2.9% of the workforce) quit their jobs in August which is the highest quit rate since the report began in late 2000. [78]
The number of people receiving benefits after an initial week of aid, a proxy for hiring, slipped 4,000 to a seasonally adjusted 1.852 million during the week ending June 29, the claims report showed.
Jobless claims. Initial jobless claims are a data point issued by the U.S. Department of Labor as part of its weekly Unemployment Insurance Weekly Claims Report. Initial jobless claims refer to claims for unemployment benefits filed by unemployed individuals with state unemployment agencies. Initial claims should not be confused with the number ...
However, the government's monthly nonfarm payrolls report last Friday showed job gains slowed markedly in July and the unemployment rate rose to 4.3%, alarming markets at that point that the labor ...
The system is expected to be fully operational by early next year, the department said. At that point, the new website will be the only way to file an unemployment claim online. Claims can also be ...