Arizona Unemployment Rate, Eligibility and Benefits
Arizona Unemployment Compensation is the benefit provided to the workers who have lost their jobs. People who are capable of fulfilling the eligibility of Arizona’s Unemployment requirements are eligible to claim the unemployment compensation.
Arizona Unemployment Claimants Eligibility
The Arizona claimant eligibility is stated such as when the claimants would have lost their jobs with no faults of their own. He/ she should be efficient enough and readily available to work. In addition the claimants should continuously look and try for full time work unless defined by Unemployment Insurance as a part time worker and they should be willing to accept a job for which they are qualified.
Unemployment Benefit Amount of Arizona
According to State Arizona Unemployment Insurance Guide you can claim the minimum benefit of $60 per week and maximum upto $240 per week.
Calculating Arizona Unemployment Insurance
For calculating your unemployment benefit you need to know the base period first. Usually base period will be the first four of the last five completed calendar quarters prior to the date you first applied for unemployment benefit.
- The 1st quarter is January, February and March
- The 2nd quarter is April, May and June
- The 3rd quarter is July, August and September
- The 4th quarter is October, November and December
- To calculate your base period first determine the quarter in which you filed your initial claim.
- If you filed your initial claim in the 1st quarter of 2012 your Base Period is the 4th quarter of 2010 through the 3rd quarter of 2011.
- If you filed your initial claim in the 2nd quarter of 2012 your Base Period is the 1st quarter of 2011 through the 4th quarter of 2011.
- If you filed your initial claim in the 3rd quarter of 2012 your Base Period is the 2nd quarter of 2011 through the 1st quarter of 2012.
- If you filed your initial claim in the 4th quarter of 2012 your Base Period is the 3rd quarter of 2011 through the 2nd quarter of 2012.
- Your new claims benefit amount will be based on where you worked during this 12-month period.
Source of Unemployment Insurance Fund
The revenue is funded by the employers as their quarterly unemployment insurance tax and note that nothing is contributed from the employee’s wages. This Unemployment insurance tax amount will be used to pay the compensation to the qualified employees of Arizona.
Arizona’s Unemployment rate and the Job Added
The state’s seasonally adjusted unemployment rate remained at 8.7 percent as of February 2012 as most of the sectors are added for the additional jobs in order to improve the State’s economy.
State Government has organized some additional jobs over half of the additional jobs, mostly from the sector of good educational background. The State Arizona has offered more than 42,600 jobs in the earlier year of February 2012.
The unemployment rate of Arizona has fell down to 8.7 percent with 260,443 Arizona unemployed rate since February 2012. The State Unemployment rate was 0.4 percent higher than that of nation’s rate for the month.