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May 20, 2024 at 4:55 AM. ... California’s unemployment remains the highest state rate in the nation. ... California’s rate a year ago was 4.5%. It climbed and remained higher for several reasons.
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 ...
March 22, 2024 at 5:01 PM. SACRAMENTO, Calif. (AP) — California's unemployment rate is now the highest in the country, reaching 5.3% in February following new data that revealed job growth in ...
The federal unemployment insurance rate (now) [when?] is 6.2% of the first $7,000 of a worker's income. The Great Recession resulted in a high unemployment rate, causing California to borrow about $10 billion from the federal government. The Employment Training Tax (ETT) rate for 2014 is 0.1 percent on the first $7,000 per employee per calendar ...
July 19, 2024 at 7:44 PM. California’s unemployment rate in June remained unchanged following an encouraging increase in jobs in May, the state’s Employment Development Department announced ...
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.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
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 said.