The U.S. added 142,000 jobs in August, the Labor Department reported Friday, which was below forecasts, although the unemployment rate ticked down to 4.2%. Economists still overwhelmingly anticipate an interest rate cut from the Federal Reserve in mid-September. Jo Ling Kent has details. Sep...
Ludwig Mises and Nobel laureate Friedrich von Hayek, and thus it is called the Austrian theory of the business cycle. The Austrian theory stresses how mistaken expectations about interest rates, brought on by changes in the rate of inflation, will lead to bad and abandoned investment projects. T...
Federal Unemployment Insurance tax (FUI) also remains unchanged at a wage base of $7,000 and an effective tax rate of 0.6%. That works out to be $42 for every employee earning a wage base of at least $7,000. Though as discussed above, four states (California, Connecticut, New York,...
What is Federal Unemployment Tax Act (FUTA)? FUTA is a payroll tax only paid by employers, not employees. The current FUTA rate is 6% with a wage limit of $7,000 for each employee per year. There’s a Tentative Credit of 5.4%, so most employers pay 0.6%. Find more info about empl...
But if this happens then the keynesian alliance between the Federal Reserve and Trump Administration might very well get tested. Hence, if fiscal-monetary easing push unemployment below the natural rate of unemployment and inflation (and inflation expectations) start to accelerate above 2% then the ...
Unemployment insurance is a joke. I got a couple of checks, my former employer wanted out of the responsibility and took me to court to claw back the $5o0 I had received. Hiring a lawyer for this would be prohibitive, so I lost my case and have to pay back. I’ve only been able...
Hiring has remained healthy, with employers having added 209,000 jobs in June and the unemployment rate declining to 3.6%. That's near the lowest rate in a half-century and about where it was when the Fed began raising rates 16 months ago — a sign of economic...
The $7,000 amount is the FUTA wage base. What is the FUTA tax credit? If an employer also pays wages subject to SUTA, they may receive up to a 5.4% credit on FUTA taxes when filing a Form 940, the Employer's Annual Federal Unemployment Tax Return. If an employer pays their SUTA...
Officials don’t think the unemployment rate will move above its current level of 4% for the remainder of the year, a prediction they made back in March as well. Link Copied! 2:31 a.m. 13:51:02, June 13, 2024 A rate cut right after the election would not bode well, optically. ...
Critics argue that companies, not the government, should decide how much their employees are paid and that a minimum wage doesn't always boost the spending power of a population and can instead lead to higherunemployment. A small change in the price for low-wage labor could have a large eff...