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Indiana plans to cut off benefits June 19, affecting 236,000 jobless workers and costing the state $1.3 billion in federal money that was allocated for the benefits.
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 Indiana, a court ruling struck down reinstating benefits, but the state still has to pay them out for 30 days. Indiana gets to keep unemployment benefits - but only because of a technicality ...
A court in Indiana is temporarily blocking Governor Eric Holcomb's order to end federal unemployment benefits programs until a final decision is made.
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) [ 2] not being in paid employment or self-employment but currently available for work during the reference period. [ 3] Unemployment is measured by the unemployment rate, which is the number of people who ...
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Meanwhile, the number of continuing applications for unemployment benefits hit its highest level since November 2021, with 1.875 million claims filed in the week ending July 27, up 6,000 from the ...