Month: June 2018

FIRST LOOK: Unemployment Tax Rates in 2019

June 27, 2018 - It is hard to believe that we are approaching the end of the second quarter of 2018 and soon employers will receive unemployment tax rates for 2019.  Each year, the unemployment agencies calculate tax rates based on employers’ prior experience.  Experience is made up of multiple factors; taxable payroll, taxes paid, benefit payments for claims … Read More

Washington State Unemployment Taxable Wage Base Rise in 2019

June 27, 2018 - The Washington Employment Security Department announced today that the unemployment taxable wage base is set to rise to $49,800 in 2019, up from $47,300 in 2018. The wage base takes effect Jan. 1, 2019. The Department’s unemployment tax rates for 2019 are expected to be finalized in December. As always, if there are any questions … Read More

The Impact of Unemployment Claims on State Employment Taxes

June 27, 2018 - It is difficult to observe – let alone quantify – the impact of unemployment claims on a company’s state unemployment taxes. This can cause a person to question whether the effort involved in processing unemployment claims is cost-effective.  This is an attempt to clarify the cause and effect relationship (there is indeed such a relationship) … Read More

Massachusetts Increases Hourly Minimum Wage

June 25, 2018 - The Massachusetts Legislature passed House Bill 4640 to provide paid leave and raise the state’s hourly minimum wage on May 20, 2018. HB 4640 has now been sent to Gov. Charlie Baker (R) to sign or veto. Under the measure, HB 4640 would raise the state’s hourly minimum wage to $15 by 2023 from the … Read More

Unemployment Weekly Claims Report For The W/E June 16, 2018

June 22, 2018 - The Unemployment Insurance Weekly Claims report for the week ending June 16, 2018 has been released by the Department of Labor. Seasonally adjusted initial claims: 218,000 4 week moving average: 221,000 Seasonally adjusted insured unemployment rate: 1.2% Seasonally adjusted insured unemployment number: 1,723,000 Number of unadjusted claims: 205,583 Unadjusted insured unemployment rate: 1.1% Unadjusted number claiming … Read More

Vermont New-Employer Unemployment Tax Rates to Decrease

June 21, 2018 - The Vermont Department of Labor released information on June 19, 2018 indicating that unemployment tax rates for new employers in the construction industry are set to decrease effective July 1, 2018. The general unemployment tax rate for new employers is to remain 1 percent, but new employers in construction industries recognized with codes 236, 237, … Read More

Social Security Interest Rates Remain Constant for Third Quarter 2018

June 21, 2018 - The Internal Revenue Service has announced that interest rates related to OASDI will remain the same for the calendar quarter beginning July 1, 2018. The interest rates are as follows: five percent for over-payments (four percent in the case of a corporation); five percent for underpayments; seven percent for large corporate underpayments; and two-and-one-half percent … Read More

Unemployment Weekly Claims Report for the W/E June 9, 2018

June 18, 2018 - The Unemployment Insurance Weekly Claims report for the week ending June 9, 2018 has been released by the Department of Labor. Seasonally adjusted initial claims: 218,000 4 week moving average: 224,250 Seasonally adjusted insured unemployment rate: 1.2% Seasonally adjusted insured unemployment number: 1,697,000 Number of unadjusted claims: 213,698 Unadjusted insured unemployment rate: 1.1% Unadjusted number claiming … Read More

MAINE: Next Phase of UI Progam

June 18, 2018 - ReEmployMe, a program introduced last December, has been met with a bit of opposition in the state of Maine. The purpose of the online program is for claimants’ easy access to benefits.  The next phase of the program, which will be geared toward employers, is set to roll out in August with implementation in November. … Read More

Kentucky Enacts Service Capacity Upgrade Fund for Third Quarter 2018

June 12, 2018 - During the 2018 Legislation Session, the Kentucky Legislature General Assembly enacted the Service Capacity Upgrade Fund (SCUF), through HB 487, Section 139. Per KRS 341.243, all contribution rates beginning with the 3rd quarter of 2018 shall be reduced by 0.075%, in order to implement SCUF. There is no increase or decrease in the total amount … Read More