The unemployment rate is the proportion of the labor force that is not employed but could be. The BLS reported an unemployment rate for December 2024 of 4.1%.1 U.S. unemployment data is released on the first Friday of every month.
What Is Unemployment? Unemployment refers to a situation where a person activelysearches for employmentbut is unable to find work. Unemployment is considered to be a key measure of the health of the economy. The most frequently used measure of unemployment is the unemployment rate. It's calculate...
Unemployment claims. Your tax rate can vary based on how many former employees have filed unemployment claims. This factor is known as your experience rating. The higher your experience rating, the higher your tax rate. How can I find my SUTA rate? You can find your annual SUTA rate by co...
"One of the primary motivations, typically, of the Fed reducing rates is to bolster employment and reduce unemployment," Boms added. "But in the current situation we're already at historically low unemployment levels." Moreover, the economic benefits brought by rate cuts often...
If you claim a qualifying dependent, you may be able to use Form 8812 to save up to $2,000 dollars on your taxes this year or receive a substantial refund. The Child Tax Credit is available to those who claim children, stepchildren, foster children, and
You use IRS Form 8880 to calculate and claim the Saver's Credit, a tax benefit designed to encourage lower-income individuals to save for retirement. The credit is a percentage of your contributions to qualified retirement plans like IRAs and 401(k)s, ranging from 10% to 50%, depending on...
Meanwhile, the unemployment rate is expected to rise to 4.4 percent in 2025, even higher than its current level of 4.1 percent. The U.S. economy is expected to grow 1.7 percent in 2024, down from 2.1 percent in the Fed’s previous estimates. Those projections help explain why Fed official...
Updated: May 16, 2024 Views: 92,101 Share Unemployment refers to the inability for willing workers to find gainful employment. The degree of unemployment in a nation is one indicator of the economic health of the country. Many factors can negatively affect this rate, including corporate ...
You’ve probably heard of “the 1%.” They’re the absurdly wealthy who have more wealth than the remaining 99% (based on data from Credit Suisse). But what does it take to be in the 10%? 20%? Is it still stunningly wealthy? Or does the line drop quickly? We know that the avera...
The unemployment rate in the United States is 4.1% as of December 2024.11 How Many Unemployment Claims Are Filed in the United States? There were 223,000 initial claims filed for unemployment in the U.S. for the week ending Jan. 18, 2025. This figure represents new claims by people applyi...