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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 ...
Unemployment rate by jurisdiction. Data for all U.S. states, the District of Columbia [ 4] and Puerto Rico [ 5] is from June 2023 and September 2021, respectively. Data for Guam is from September 2019, and data for American Samoa is from 2018. Data for the Northern Mariana Islands is from April 2010 (more than ten years old) it is included but ...
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 ...
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.
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 ...
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%.
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% ...
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