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For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report ...
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 ...
State law determines individual state unemployment insurance tax rates and taxable wage bases. [14] Although FUTA mandates a taxable wage base of $7,000 per employee, only Arizona, California, and Puerto Rico use this minimum as of 2020. [21] The taxable wage base ranges significantly, with Washington using the highest amount of $52,700. [22]
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Public employment service, unemployment insurance and payroll tax agency: Headquarters: 722 Capitol Mall, Sacramento, California: Employees: approximately 10,000 [1] Annual budget: US$ 882 million (2018–2019) Parent agency: California Labor and Workforce Development Agency: Website: www.edd.ca.gov
In June, 2022, EDD did offer an estimate of ineligible payments — a sum of $26 billion. But, the audit found, “errors in its process have resulted in this estimate being unreliable.”
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
“In being generous with other people’s money, politicians in D.C. and Sacramento have set the Golden State on a path to economic destruction.”