For example, all new employers receive a SUTA rate of 1.25% in Nebraska, and all new construction employers receive a SUTA rate of 5.4% in 2021. The FY 2019 tax rate notices were issued during the fourth week of July 2018. The weekly benefit rate is capped at a maximum amount based on the state minimum wage. The New Jersey Department of Labor and Workforce Development has confirmed that unemployment tax rates for the one-year period beginning July 1, 2018 are set to decrease. The new employer rate varies by state. For 2021, the maximum weekly benefit rate is $731. Cape May 8.5% Wildwood 14.9% North Wildwood 11.3% Commercial Township 7.2% Atlantic City 7.1% Salem 10.9% Penns Grove Borough 7.7% Seaside Heights Borough 7.2% Camden ): 200.42% Change in Unemployment (August 2020 vs August 2019) 500,771 unemployed people in August 2020 vs 166,692 in August 2019; The current unemployment rate for Newark is 16.9% in November 2020. Vineland 1,500 Camden 2,000 Toms River Township 1,700 Trenton 2,200 Hamilton Township 1,500 Elizabeth 2,700 Paterson 3,900 Newark 7,000 Jersey City 4,900 Woodbridge Unemployment Recovery in New Jersey (1=Most Recovered, 25=Avg. Mailing of FY 2019 rate notices. This statistic displays the unemployment rate in New Jersey from 1992 to 2019. New Jersey annual averages: 1976 - 2019 (EXCEL) Total Labor Force, Employed, Unemployed and Unemployment Rate (updated April 2020) County Annual Averages: 1990-2018 (EXCEL) Unemployment Rate (updated April 2018) Since 2005 the unemployment rate in Newark, New Jersey has ranged from 5.1% in April 2019 to 22.3% in June 2020. The base week for 2019 will increase to $172. See how other local areas compare by using our Unemployment Compare tool. New Jersey Unemployment Tax The wage base increases to $34,400 for 2019. The unemployment rate in New Jersey peaked in June 2020 at 16.8% and is now 9.2 percentage points lower. The maximum unemployment tax withheld from wag-es will be $232.20 (SUI- $173.72, SDI $58.48). We will calculate your weekly benefit rate at 60% of the average weekly wage you earned during the base year, up to that maximum.We determine the average weekly wage based on wage information your employer(s) report. New Jersey These occupational employment and wage estimates are calculated with data collected from employers in all industry sectors in New Jersey. For more information on unemployment taxes in New Jersey, contact the Department at +1 609 633 6400 or see the Department's website. Finally, WalletHub considered each state’s overall unemployment rate. Effective July 1, 2018, New Jersey’s experienced-employer unemployment tax rates are to be determined with Table B and are to range from 0.40% to 5.40%. Below, you can see highlights from the report, along with a WalletHub Q&A. Graph and download economic data for Unemployment Rate in New Jersey (LAUST340000000000003A) from 1976 to 2019 about NJ, household survey, unemployment, rate… According to the BLS current population survey (CPS), the unemployment rate for New Jersey fell 2.6 percentage points in December 2020 to 7.6%.The state unemployment rate was 0.9 percentage points higher than the national rate for the month. The employee withholding rate will decrease to 0.675%. The 2019 taxable wage base of $34,400 goes into effect as of the first quarter 2019. New Jersey Unemployment. Additional information, including the hourly and annual 10th, 25th, 75th, and 90th percentile wages and the employment percent relative standard error, is available in the downloadable XLS file . Some states split new employer rates up by construction and non-construction industries.
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