Good news for Tennessee! The unemployment rate of Tennessee declined slightly by a point. It is now 10.5 percent. The actual count of the unemployed is about 318,000, the lowest point since a year. Even then, the experts say that the unemployment rate did not decline a lot because the number of people looking for work in the labor force has increased. According to statistics, the number of positions in … Read more
Just like most of the developed countries that hand hold its citizens by way of social security benefits for the jobless, the U.S is known to administer an efficient federal-state system that guarantees weekly unemployment benefits for those who’ve lost their job due to involuntary reasons such as layoffs. Foreseen by the U.S Department of Labor and run by each state on its own, the Unemployment Insurance(UI) program hands out … Read more
The unemployment rate of Georgia was 10.4 percent in April. The biggest concern is that the state’s unemployment rate has exceeded that of the nation‘s unemployment rate for the thirty first time. The number of unemployed people since 27 months rose from 215,100 to 204,700. The economists feel that many of the long-term unemployed take the occasional step forward – a job lead or interview — only to fall back … Read more
As per the latest reports, there have been signs of recovery in the economy of Pennsylvania. The state has gained about 34,000 jobs in the month of april, the highest since February, 1996. For this, Rendell credited $2.2 billion in federal stimulus money for creating jobs in the construction and the manufacturing sectors for highways and bridge projects, as well as water and sewage projects. He had a word of … Read more
President Donald Trump broke protocol and tweeted that there was a positive job report with the lowest unemployment. However, the current Federal Rule states that the executive branch employees are required not to comment on major economic reports. This jobs report is usually kept under wraps till the Labor Department publishes it at 8:30 am. Here investors can misuse this data before it becomes public. The jobless rate further dropped … Read more
The unemployment rate of Massachusetts has dropped for the second consecutive month. It stands at 9.2 percent currently. About 19,100 jobs were added this April taking the job count to 3,167,000 in Massachusetts. The major job gain came from professional, scientific and business services which was 7,200 jobs. The second sector from which the jobs were gained was construction.Education and health services added 3000 jobs. The hardest hit industry, construction, … Read more
Unemployment rate has come down by 0.1 percent in the state blessed with wealth of minerals, bounty of tourism, exciting gaming industry. Is this showcasing an upcoming economy in Nevada? Not a great number experts say! Nevada’s Unemployment rate has fallen by 0.1 percent in April compared to previous month. There has been significant improvement compared to last year which was soaring high at 12 percent. Currently the unemployment rate … Read more
Washington’s unemployment rate dropped to 9.2 percent in April. The state’s unemployment rate was 9.5 percent in March. About 5,800 jobs were added in Washington. The industries that added jobs in April included leisure and hospitality, construction, retail trade, manufacturing and government. The government jobs increase was mostly due to the hiring of temporary census workers. “This is further evidence that our economy is starting to turn around and is … Read more
Employers offer various benefits and insurance policies to protect their employees. Some of them include health insurance, vision insurance, and disability insurance. Disability insurance is of two types: Short-Term Disability (STD) and Long-Term Disability (LTD) benefits. While Short-Term Disability insurance offers compensation for a limited time, Long-Term Disability Insurance provides income replacement for an extended period. More about Long-Term Disability Insurance Long-Term Disability insurance offers compensation or replaces income for … Read more
Unemployment Insurance (UI) is usually considered as a taxable income. But the American Rescue Plan that was announced in March 2021 waived the federal tax on up to $10,200 for individuals or up to $20,400 for married couples filing jointly. Since the Rescue Plan was signed into law, millions of Americans have filed their taxes, mostly without or little knowledge of the new tax break. The Internal Revenue Service (IRS) … Read more