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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.
In California, the Employment Development Department (EDD) is a department of the state government that administers Unemployment Insurance (UI), Disability Insurance (DI), and Paid Family Leave (PFL) programs. The department also provides employment service programs and collects the state's labor market information and employment data.
The national rate last month was 3.9%. Trailing California in April were the District of Columbia at 5.2% and Nevada at 5.1%. The lowest rates in the country were in North Dakota and South Dakota ...
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 ...
California’s unemployment insurance (UI) financing system is facing big deficits, requiring a full "redesign," according to a new report from the state’s nonpartisan Legislative Analyst’s ...
New businesses are given a new employer rate, which varies per state (California's, for example, is 3.4%); they stay on that rate for a few years, when they are considered "experience rated." To avoid higher tax rates, some companies get multiple account numbers with a state unemployment insurance agency and shuffle employees around to the ...
The state’s unemployment insurance debt, which ballooned as a result of the pandemic, is in dire straits with no clear path forward. Unemployment insurance: California’s ‘urgent’ $20 ...
The state’s jobless rate in February, the latest data available, was 5.3%, up from 5.2% in January and 4.5% a year earlier. The seasonally adjusted national rate was 3.9% that month . Nevada, at ...