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Minimum wage increase in NJ Starting on Jan. 1, 2024, minimum wage will increase by $1 bringing it up to $15.13 per hour for most employees. Additionally, wages will increase for:
Amid high rates of inflation, you may be looking to boost your paycheck in the new year. And although 2023 is not here yet, it's best to start talking to your employer before the end of the year if...
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 minimum wage will increase in 2023 by an additional 13¢ in addition to its standard increases in pay rates due to an increase in the Consumer Price Index. [273] January 1, 2025: $14.30 seasonal, $13.40 agricultural; January 1, 2026: $15.00 seasonal, $14.20 agricultural; January 1, 2027: $15.00 agricultural; New Mexico: $12.00 $3.00
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 ...
Effective July 1, 2011, the rate decreased to 6.0%. That rate may be reduced by an amount up to 5.4% through credits for contributions to state unemployment programs under sections 3302(a) and 3302(b), resulting in a minimum effective rate on and after July 1, 2011 of 0.6% (6.0–5.4%). [2] [3]
The 2023 FICA tax rate is 15.3%, but if you're a W-2 employee, your employer likely will pay half. Taxpayers in higher federal income tax brackets -- specially, those with over $200,000 in income ...