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Unemployment

Unemployment

UNEMPLOYMENT DATA

State unemployment figures for March were mixed, with unemployment rates dropping in 21 states and Puerto Rico, increasing in 17 states and D.C.and remaining steady in 12 states

The national unemployment rate was 6.7 percent in February 2014, down a full percentage point from a year ago..

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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. Workers qualify for partial unemployment benefits.

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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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  • State Unemployment Rates | March 2014

    Unemployment rates for March 2014 dropped in 17 states and Puerto Rico, rose in 17 states and DC, and remained steady in 12 states, according to the Bureau of Labor Statistics.

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