Yes. You either add it to your income at the end of the year or you can fill out Form W-4V to have tax withheld from your unemployment checks. You should receive a 1099-G at the end of the year with the years total unemployment and any taxes withheld.
Here is a link to the 2014 revised Form W-4V:
http://www.irs.gov/pub/irs-pdf/fw4v.pdf
Further Reading See Pub 525:
http://www.irs.gov/uac/Publication-525,-Taxable-and-Nontaxable-Income--1
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