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Learn about the history, structure, and eligibility of unemployment insurance programs in the U.S., which provide social insurance benefits to workers who lose their jobs through no fault of their own. Find out how unemployment insurance is funded by payroll taxes, administered by state governments, and taxed as income.
The state unemployment rate was 3.1% in August 2022, and the increase since then marked a sign that rising interest rates and corporate downsizing took a toll on the New Jersey economy. The number ...
New Jersey’s beleaguered unemployment system has made strides since the jobless rate soared to its highest level in 40 years during the COVID-19 pandemic. But a report released Wednesday found ...
Workers in most states have 26 weeks of paid unemployment benefits, but according to the Bureau of Labor Statistics, 21% of workers are now taking more than 27 weeks to find a new job, up 3% from ...
The department is a state agency that administers various programs related to workers' compensation, unemployment insurance, disability insurance, family leave, and workforce training. It also oversees the New Jersey Civil Service Commission and the Employee Residency Review Committee.
Wages adjusted for inflation in the US from 1964 to 2004 Unemployment compared to wages. Wage data (e.g. median wages) for different occupations in the US can be found from the US Department of Labor Bureau of Labor Statistics, [5] broken down into subgroups (e.g. marketing managers, financial managers, etc.) [6] by state, [7] metropolitan areas, [8] and gender.
New Jersey's latest unemployment rate is still a far cry from the 15.4% unemployment seen in May 2020 during the COVID-19 business closures, which itself was New Jersey's highest unemployment rate ...
FUTA is a federal law that imposes a tax on employers to fund state unemployment insurance and job services. It has a minimum rate of 0.6% and a maximum rate of 6.0%, depending on the state's loan status and benefit-cost ratio.