Back 

Unemployment

Unemployment

UNEMPLOYMENT DATA

Unemployment decreased in 34 states, D.C. and Puerto Rico during October, according to BLS. Rates went up in five states and remained unchanged in 11 states.

The national unemployment rate dropped to 5.8 percent in October, the first time unemployment has dropped below six percent since July 2008.Continue

 

 

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.
 

Continue

 

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.

Continue

 

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.

Continue

 

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.

Share this: 

SEARCH LABOR & EMPLOYMENT

New Members Welcome
Fall Forum 2014

FEATURED

We are the nation's most respected bipartisan organization providing states support, ideas, connections and a strong voice on Capitol Hill.

NCSL Member Toolbox

Denver

7700 East First Place
Denver, CO 80230
Tel: 303-364-7700 | Fax: 303-364-7800

Washington

444 North Capitol Street, N.W., Suite 515
Washington, D.C. 20001
Tel: 202-624-5400 | Fax: 202-737-1069

Copyright 2014 by National Conference of State Legislatures