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North Carolina unemployment: 3.3% Year to year, 3,571 more people working compared to October 2022. 6,833 unemployed individuals in the region as of October 2023.
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies. Employers report this tax by filing Internal Revenue Service Form 940 annually.
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 North Carolina Department of Labor is by law tasked with ensuring the "health, safety, and general well-being" of the state's workforce. [22] North Carolina's general statutes grant the commissioner of labor wide-ranging regulatory and enforcement powers. [ 23 ]
Jun. 28—RALEIGH — The state's seasonally adjusted May 2022 unemployment rate was 3.4 percent, remaining unchanged from April's revised rate. The national rate remained unchanged at 3.6 percent.
Here's a look at how weekly unemployment claims changed in North Carolina last week compared with the week prior.
Over a 30-month period under Folwell, the North Carolina unemployment insurance system repaid a debt of $2.5 billion owed to the federal government, but did so by imposing an surcharge on employers and restricting unemployment benefits (by lowering both the amount of weekly payments and the number of weeks for which job-seekers were eligible to ...
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 Carolina.
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