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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.
Between May 2023 and May 2024, the private sector in New Jersey grew by 69,000 jobs, though the unemployment rate rose to 4.6% from 4.2%. Most of those were in lower-paying jobs like restaurants ...
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on ...
The state’s unemployment rate sits at 3.4% as of the latest data from the Bureau of Labor Statistics. ... North Carolina’s unemployment rate of 3.4% is virtually in the middle of all 50 states ...
Cyclical factors, such as government stimulus or austerity policies, cause the actual unemployment rate to vary around the natural rate. Economists debate the natural rate of unemployment. During February 2011, Federal Reserve economists estimated it may have increased from the historical rate of around 5% to as high as 6.7%.
New Jersey’s beleaguered unemployment system has made strides since the jobless rate soared ... 16,600 job transitioners. ... the federal government temporarily set up a separate unemployment ...
U.S. states by net employment rate (% of population 16 and over) 2022 [1] National rank State Employment rate in % (total population) Annual change (%) (=rise in employment) 1 Nebraska: 68.1 0.5 2 North Dakota: 67.8 1.3 — District of Columbia: 67.4 3.0 3 Utah: 67.1 1.1 4 South Dakota: 66.8 0.0 5 Colorado: 66.3 1.9 Iowa: 66.3 1.5 Minnesota: 66 ...
The vacancy rate in state jobs is a problem for NC. What Cooper, lawmakers want to do. Dawn Baumgartner Vaughan. March 15, 2023 at 4:12 PM. With a vacancy rate for state employees of more than 23% ...