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Labor Market Update: Recent Trends in Unemployment Claims The U.S. Department of Labor has reported a slight uptick in unemployment insurance claims to 221,000 for the week ending November 2, 2024. This marks an increase of 3,000 from the previous week’s revised numbers, indicating ongoing fluctuations in our labor market. Interestingly, the 4-week moving average has decreased to 227,250, suggesting a potential stabilization in the broader trend. Notably, the insured unemployment rate remains unchanged at 1.2%, despite an increase in the actual number of insured unemployed. #Unemployment #LaborMarket #EconomyNews #USDOL #JobMarket #EconomicUpdate #EmploymentTrends #LaborStatistics https://loom.ly/6-lpvRY

US weekly jobless claims fall, but... Fewer people applied for unemployment benefits last week but the total number of Americans collecting jobless benefits rose to the highest level in more than two years. The Labor Department reported Thursday that jobless claims for the week ending June 22 fell by 6,000 to 233,000 from 239,000 the previous week. However, the total number of Americans collecting unemployment benefits rose for the eighth straight week, to 1.84 million, for the week of June 15, the most since November of 2021. #jobless #unemployment #economy

April 2024: Labor Market Pulse 📍 Unemployment for Insurance slightly decreased from 2% to 1.7%. 📍 Despite the Insurance industry gaining 2,000 jobs in February, it lost 300 in March. 📍 Voluntary quits have hit their highest peak since January 2023 while hiring levels remain consistent. 📍 The overall US unemployment decreased from 3.9% to 3.8% and added 303,000 jobs.

JOBLESS CLAIMS RISE: #US #UnemploymentInsuranceClaims rose slightly to 221,000, a report of the #DepartmentofLabor has reported a slight rise in jobless insurance claims for the week ending November 2. The seasonally adjusted figure crept up to 221,000, marking an increase of 3,000 from the previous week's revised number. This development is a key indicator of #laborMarket activity, offering insights into the #employment trends in the economy. #economicGrowth #economy #laborMarket https://lnkd.in/eEA7fAhY

Unemployment insurance (UI) acts as a “safety net” for workers who lose their jobs, providing them with a temporary source of income to cover living expenses and maintain their livelihood during a difficult period. This article provides detailed information about UI, including: - Benefits: Financial support, job referrals, vocational training, etc. - Participation requirements: Workers who are employed under a labor contract, participate in compulsory social insurance, etc. - Enrollment Procedures: Simple, quick, and can be done online. - Benefit Levels: Depend on the number of months of UI contributions, maximum of 12 months. - Procedures for Receiving Benefits: Simple application process, quick resolution. ----------- 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐓𝐏𝐌: Website: www.tpm.com.vn Email: [email protected] Hotline: (+84) 28 3505 1800 #unemploymentinsurance #safetynet #workers #tax #TPM #solution

Labor Market Insights: A Decline in Initial Claims Recent data from the Department of Labor shows a slight decrease in seasonally adjusted initial unemployment insurance claims, dropping to 213,000 for the week ending November 23 — a reduction of 2,000 from the previous week. Additionally, the four-week moving average fell to 217,000, signaling an overall trend toward stability in the labor market despite fluctuations in certain sectors. This is a promising indicator for job seekers and employers alike, reflecting a more resilient economic environment. #LaborMarket #EmploymentNews #UnemploymentClaims #EconomicUpdate #JobStability #WorkforceData #Economy https://loom.ly/i_bVzuA

Unemployment insurance (UI) acts as a “safety net” for workers who lose their jobs, providing them with a temporary source of income to cover living expenses and maintain their livelihood during a difficult period. This article provides detailed information about UI, including: - Benefits: Financial support, job referrals, vocational training, etc. - Participation requirements: Workers who are employed under a labor contract, participate in compulsory social insurance, etc. - Enrollment Procedures: Simple, quick, and can be done online. - Benefit Levels: Depend on the number of months of UI contributions, maximum of 12 months. - Procedures for Receiving Benefits: Simple application process, quick resolution. ----------- 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐓𝐏𝐌: Website: www.tpm.com.vn Email: [email protected] Hotline: (+84) 28 3505 1800 #unemploymentinsurance #safetynet #workers#tax #TPM #solution

An audit recently published by the Office of the State Auditor details continued issues the North Carolina Division of Employment Security (DES) has with its ability to provide unemployment benefits in a timely fashion. A March 2022 report from the state auditor’s office revealed that 24% of initial unemployment benefit payments, totaling $438 million, were delayed between January 2020 and March 2021. The auditor’s office suggested several corrective actions that DES could take to enhance services for unemployed North Carolinians. The report released Thursday showed that despite handling significantly fewer claims in 2023, the percentage of late first payments rose to 43%, amounting to $7.8 million. 

If you've received an unemployment claim, don't delay your response. Responding promptly is crucial to protecting your business. Thoroughly review the claim, verify the facts, and provide detailed documentation supporting your position. The sooner you respond, the better you'll be able to challenge errors and protect your company's interests. If you're worried about the compliance implications or the administrative burden of handling unemployment claims, seek the help of a professional employer organization (PEO). #HRCompliance #EmploymentLaw #HumanResources #PEO https://lnkd.in/etxNVS7p