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Robert Asaro-Angelo labor leader and commissioner of the New Jersey Department of Labor and Workforce Development at the daily briefing in Trenton NJ on 5/7/2020
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
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 ...
In late 2021, New Jersey was tapped as one of two states participating in a federal pilot program to modernize and improve the federal unemployment system starting early in 2022.
The New Jersey Department of Labor and Workforce Development is a governmental agency of the U.S. state of New Jersey. The New Jersey Civil Service Commission is an independent body within the New Jersey state government under the auspices of the department. Initially constituted in the late-1940s, pursuant to P.L. 1948, c.446, as the ...
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. . Employers report this tax by filing Internal Revenue Service Form 940 an
A relative earnings limit is a limit imposed upon a business, to the amount of compensation an individual is allowed, as a specific multiple of a company's lowest earner; or directly relative to the number of individuals a company employs and the average compensation provided to each individual employee, not including a certain percentage of the company's top earners.
In 2023 N.J. had some 63,000 filled job positions that it didn’t have a year ago, but that wasn't enough to keep the unemployment rate from hiking. In 2023, New Jersey saw the highest increase ...