What you need to know about the state’s unemployment rate

With the unemployment rate still hovering around 8 percent, the federal government is finally looking for more money to help unemployed people find work.

The U.S. Department of Labor said Monday that it is increasing the unemployment insurance rate from 4.25 percent to 5.5 percent.

The increase will apply to workers in the private sector, including those who are seeking work but cannot find a job.

The unemployment rate is currently 8.1 percent. 

The unemployment benefit is paid to anyone who has lost their job and is looking for a new one, including job seekers who are actively looking for work. 

The number of unemployed people in the country dropped below 5 million in March, according to the Bureau of Labor Statistics.

The official rate of unemployment was 4.3 percent.