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Introducedin the Senate as S. 1845by Sen. Jack Reed (D, RI)on December 17, 2013. The Emergency Unemployment Compensation Extension Act(S. 1845) is a bill that would extend the length of unemployment benefitsto cover another three months, until March 31, 2014. The three-month extension would cost $6.4 billion. [1]
Between May 2023 and May 2024, the private sector in New Jersey grew by 69,000 jobs, though the unemployment rate rose to 4.6% from 4.2%. Most of those were in lower-paying jobs like restaurants ...
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.
In late 2021, New Jersey was tapped as one of two states participating in a federal pilot program to modernize and improve the federal unemployment system starting early in 2022.
A 13-month extension of federal unemployment benefits. The cost of this measure was estimated at $56 billion. A temporary, one-year reduction in the FICA payroll tax. The normal employee rate of 6.2 percent is reduced to 4.2 percent. The rate for self-employed individuals is reduced from 12.4 percent to 10.4 percent.
In August, the U.S. jobs report showed just 235,000 positions added, below the 720,000 jobs that were expected and far below the 943,000 jobs added in July, which contributed to a relatively low 5 ...
India follows a social insurance system for unemployment benefits much like its European counterparts. Unemployment allowance is given to workers in India who have contributed to the Employees' State Insurance for at least three years. The benefit is given for a maximum of one year and is either 50% of the average daily wage or Rs 35,000 a ...
In 2023 N.J. had some 63,000 filled job positions that it didn’t have a year ago, but that wasn't enough to keep the unemployment rate from hiking. In 2023, New Jersey saw the highest increase ...
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