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Unemployment

Unemployment

UNEMPLOYMENT DATA

Unemployment rates decreased in 41 states and DC in November 2014. Three states saw increases in unemployment while rates in six states and Puerto Rico remained unchanged.

The national unemployment rate for November remained unchanged at 5.8 percent and 321,000 new jobs were added to the economy.

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UNEMPLOYMENT DATABASE

NCSL tracks state unemployment legislation in a searchable database. Topics include benefits and eligibility, administration, taxes, solvency, federal requirements, workforce training or work-share programs.
 

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TRUST FUND LOANS

budgetThe Federal Unemployment Account provides a loan fund for state unemployment programs to ensure a continued flow of benefits during economic downturns. Currently, 16 states and the U.S. Virgin Islands are borrowing from the trust fund.

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WORK SHARE PROGRAMS

workersWorkshare programs let businesses temporarily reduce the hours of their employees, instead of laying them off during economic downturns, with the goal of reducing unemployment. Programs have been enacted in 28 states and D.C.

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OVERVIEW | UNEMPLOYMENT

The unemployment system is a financial partnership between the federal and state governments. The federal government levies an unemployment tax, under the Federal Unemployment Tax Act, to finance administrative costs of the system, provide loans to states and cover extended benefits. States levy payroll taxes on employers to pay for unemployment insurance benefits. These taxes, calculated on state financing formulas and an employer’s history of claims, are deposited into the federal Unemployment Trust Fund. Each state, plus D.C., Puerto Rico and the U.S. Virgin Islands, has its own account within the trust fund.

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