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The unemployment insurance division provides a temporary partial wage replacement to Minnesota workers who become unemployed through no fault of their own. It is an economic stabilizer and stimulator during economic downturns and helps maintain an available skilled workforce.
About 667,000 workers are eligible to apply for hero pay, and businesses will get a credit or refund of a roughly 30 percent increase in unemployment taxes that were due April 30. ...
Initial claims for state unemployment benefits dropped 4,000 last week to a seasonally adjusted 218,000 for the week ended Sept. 21, the lowest level since mid-May, the Labor Department said.
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.
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [4] and Puerto Rico [5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...
Minnesota Fed president Neel Kashkari says policy “remains tight” and further rate cuts would depend on the state of the labor market. ... The unemployment rate in August was 4.2%, marking the ...
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 ...
Minnesota Department of Health. The COVID-19 pandemic in Minnesota is part of an ongoing pandemic of coronavirus disease 2019 (COVID-19) in the state of Minnesota. The first confirmed case was reported on March 6, 2020. Governor Tim Walz declared a state of emergency on March 13.
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