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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.
A shift of longevity pay to retention pay, which would slightly increase the rate of longevity pay for employees with more than 10 years of experience but less than 25 years of experience. It ...
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.
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 ...
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%.
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 ...
Beveridge curve. 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 vertical axis and unemployment on the horizontal. The curve, named after William Beveridge ...
North Carolina’s unemployment rate of 3.4% is virtually in the middle of all 50 states. The rate is slightly higher than those of neighboring states Virginia, Tennessee, Georgia and South ...