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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 ...
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 unemployment insurance program is a benefit for workers who have lost their jobs. The maximum duration of benefits has increased from 26 to 99 weeks in some states. Unemployment extensions across the U.S. are typically not a concern due to stringent policies that state unemployment agencies have enacted in recent years.
Florida workers plan to file a lawsuit against Gov. Ron Desantis early next week, arguing the state has a statutory obligation to pay unemployed workers the additional $300 in weekly benefits ...
Florida is the latest GOP-led state to opt out of federal unemployment programs early, increasing the total number of states to 23.
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On September 29, 2020, the New York Times reported that Disney was laying off 28,000 people in the United States, due to the impact of the pandemic on its parks, resorts, cruise line, and retail store business. According to Josh D'Amaro, the chairman of Disney's parks, 67% of the employees reported to be laid off were part-time workers who were ...
A long-delayed form of unemployment that could provide some Floridians with an extra $100 per week is finally coming online. The state Department of Economic Opportunity this week implemented a ...