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The unemployment rate of neighboring New York and Pennsylvania stands at 4.3% and 3.4% respectively. Pennsylvania registered one of the biggest decreases in unemployment rate. Despite New Jersey ...
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 California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
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.
The New York Times reported in June 2013 that: "Across the five industries that are most sensitive to changes in military spending, employment fell at an annual rate of 2.5 percent in March and stayed flat in April, the latest month for which seasonally adjusted data are available. In all other sectors, by contrast, employment grew at ...
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 unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019. [ 40] By August 2023, it reached 3.8 percent.
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