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The state unemployment rate was 3.1% in August 2022, and the increase since then marked a sign that rising interest rates and corporate downsizing took a toll on the New Jersey economy.
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%.
Currently California employers pay a federal unemployment insurance tax of 1.2% on the first $7,000 of wages per employee, but that will rise incrementally every year so long as California is in ...
Learn about the history, structure, and eligibility of unemployment insurance programs in the U.S., which provide social insurance benefits to workers who lose their jobs through no fault of their own. Find out how unemployment insurance is funded by payroll taxes, administered by state governments, and taxed as income.
Learn about the causes, measures, and history of U.S. unemployment, as well as the current rate and trends. Find data on unemployment by state, county, and year from various sources.
The Employment Development Department (EDD) is a California state agency that administers unemployment, disability, and paid family leave programs. It also provides employment services and collects payroll taxes and labor market data.
The statewide unemployment rate went up a notch to 5.3% in August (from 5.2% in July), tied with Illinois for the second highest behind Nevada’s 5.5% rate, the U.S. Bureau of Labor Statistics ...
Learn how to calculate and interpret the employment-to-population ratio, a statistical measure of the proportion of working age population that is employed. Compare the ratio across countries and over time, and see its relation to unemployment and labor market conditions.