Monthly Archives

December 2020

Unemployment Weekly Claims Report for the Week-Ending November 28, 2020

The Unemployment Insurance Weekly Claims report for the week ending November 28, 2020 has been released by the Department of Labor.

  • Seasonally adjusted initial claims: 712,000
  • 4 week moving average: 739,500
  • Seasonally adjusted insured unemployment rate: 3.8%
  • Seasonally adjusted insured unemployment number: 5,520,000
  • 4-week moving average: 6,194,250
  • Number of unadjusted claims: 713,824
  • Unadjusted insured unemployment rate: 3.6%
  • Unadjusted number claiming UI benefits: 5,240,575

The full news release report can be downloaded here.

 

Our office will monitor COVID-19 updates closely and will send out additional announcements as we become aware of any updates. You can also review these updates on our website at https://www.thomas-and-company.com/covid-19/ too.

Please reach out to your representative with any questions.

Florida Unemployment Tax Rates Set to Rise in 2021

The Florida Department of Revenue announced that unemployment tax rates are set to increase for 2021.

Effective January 1, 2021, unemployment tax rates are to range from 0.29% to 5.40%. Unemployment tax rates for 2020 ranged from 0.10% to 5.40%.

The tax rate for new employers is to be 2.70% in 2021, unchanged from 2020.

Florida’s unemployment taxable wage base is to be $7,000 in 2021, unchanged from 2020.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

District of Columbia Unemployment Tax Rates Set to Rise in 2021

The District of Columbia Department of Employment Services announced that unemployment tax rates are set to increase for 2021.

Effective January 1, 2021, unemployment tax rates for experience-rated employers are to be determined with Table 6, causing rates to range from 1.90% to 4.40% for positive-rated employers and from 6.20% to 7.40% for negative-rated employers.

Tax rates for 2020 were determined with Table 5, which generally has lower tax rates than Table 6.

The tax rate for new employers is to be 2.7o% in 2021, unchanged from 2020.

Employers also are required for 2021, as for 2020, to pay an administrative funding assessment of 0.20%.

The unemployment taxable wage base is to be $9,000 for 2021, unchanged from 2020.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Louisiana Unemployment Tax Rates Hold Steady for 2021

The Louisiana Workforce Commission announced that unemployment tax rates are not to change for 2021.

Effective January 1, 2021, as in 2020, tax rates for experienced employers are to range from 0.09% to 6.20%.

For 2021, tax rates for new employers are to range from 1.16% to 2.89%.

Louisiana’s unemployment-taxable wage base is to be $7,700 in 2021

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Hawaii Unemployment Tax Rates Set to Rise in 2021

The Hawaii Department of Industrial Relations announced that unemployment tax rates are set to increase for 2021.

Hawaii’s unemployment tax rates for 2021 are to be determined with the state’s highest unemployment tax rate schedule, Schedule H. Tax rates for experienced employers are to range from 2.40% to 5.20% for positive-rated employers and from 5.40% to 6.60% for negative-rated employers.

In 2020, Schedule C, which has the third-lowest range of rates out of the state’s eight unemployment tax rate schedules, was in effect. Rates under Schedule C range from 0.00% to 2.40% for positive-rated employers and from 2.80% to 5.60% for negative-rated employers.

Employers also are to be assessed an employment and training assessment of 0.01%, unchanged from 2020.

The tax rate for new employers is to be 5.20% in 2021, up from 2.40% in 2020.

The Department has indicated that it expects legislative action to implement a lower rate schedule for 2021 but this has not yet occurred.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Nebraska Unemployment Tax Rates Decrease for 2021

The Nebraska Department of Labor has confirmed that unemployment tax rates for 2021 are set to decrease.

Effective January 1, 2021, unemployment tax rates for positive-rated employers are to range from 0.00% to 1.08%, compared with 0.00% to 1.17% in 2020. The tax rate range for negative-rated employers is to be 5.40%, unchanged from 2020.

For 2021, unchanged from 2020, the unemployment tax rate for new non-construction employers is to be 1.25%, and the rate for new construction employers is to be 5.40%.

Nebraska’s standard unemployment taxable wage base is to be $9,000, and the modified wage base for experienced employers assessed the maximum tax rate is to be $24,000.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Alaska Unemployment Tax Rates Set to Rise in 2021

The Alaska Department of Labor announced that unemployment tax rates are set to increase for 2021.

For 2021, unemployment tax rates for non-delinquent experienced employers are to range from 1.00% to 2.07% and the rate for delinquent experienced employers is to be 5.40%.

Unemployment tax rates for employers will generally be higher than they otherwise would have been because a solvency adjustment surcharge of 0.30% is in effect for 2021. For 2020, a solvency adjustment credit of 0.40% is in effect.

Employees are to be assessed for 2021, as in 2020, an unemployment tax of 0.50% that employers are to deduct from wages.

Unemployment tax rates for new employers are expected to be released in mid-December.

Additionally, Alaska’s unemployment taxable wage base for 2021 is to be $43,600, up from $41,500 in 2020.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Hawaii Taxable Wage Bases to Fall in 2021

The Hawaii Department of Labor & Industrial Relations announced yesterday that the unemployment insurance and temporary disability insurance taxable wage bases will decrease in 2021.

Effective January 1, 2021, the unemployment taxable wage base is to be $47,400, down from $48,100 in 2020. Hawaii’s unemployment tax rates for 2021 are to be released in mid-December.

Additionally, effective January 1, 2021, the temporary disability insurance taxable wage base is to be $1,102.90, down from $1,119.44 in 2020. To fund a temporary disability insurance plan, employers may deduct from an employee’s wages up to half of the premium cost for covering the employee. The amount deducted may not exceed $5.51 a week in 2021, and employers are liable for the rest of the plan’s cost.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Illinois Unemployment Tax Rates Set to Rise in 2021

The Illinois Department of Employment Security announced that unemployment tax rates are set to increase for 2021.

Effective January 1, 2021, unemployment tax rates for experience-rated employers are to range from 0.675% to 6.875%. These rates include a fund-building surtax of 0.475% in 2021, up from 0.425% in 2020.

The standard unemployment tax rate for new employers is to be 3.175% in 2021, up from 3.125% for 2020. There are to be no industries for which new employers are assessed a tax rate higher than the standard tax rate.

Illinois’ unemployment-taxable wage base for 2021 is to be $12,960, up from $12,740 in 2020.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.

Kentucky Unemployment Tax Rates Set to Rise in 2021

The Kentucky Division of Unemployment Insurance announced that unemployment tax rates are set to increase for 2021.

Effective January 1, 2021, unemployment tax rates for experience-rated employers are to be determined with Schedule E. Rates are to range from 1.00% to 3.50% for positive-rated employers and from 7.50% to 10.00% for negative-rated employers.

Schedule A, which has the second-lowest range of rates out of the state’s six unemployment tax rate schedules, was in effect for 2020. Rates under Schedule A ranged from 0.30% to 9.00%.

Effective for 2021, the standard tax rate for new employers is to be 2.70%. The tax rate for new contract construction employers with out-of-state headquarters is to be 10.00%, up from 9.00% in 2020.

Kentucky’s unemployment-taxable wage base for 2021 is to be $11,100, up from $10,800 in 2020.

As always, if there are any questions please do not hesitate to contact us or visit our website at www.thomas-and-company.com.