New Jersey Unemployment Rate is at 7.60%, compared to 10.20% last month and 3.70% last year. The benefit rates and taxable wage base for 2020 reflect the $1,259.82 average weekly … The state’s unemployment rate rose by 1.2 percentage points to 16.6 percent. Amounts applicable in 2020 are set forth below: New Jersey Unemployment Insurance Maximum benefit for benefit years commencing on or after January 1, 2020: $713 weekly (up from $696). The figures used to compute your tax rate … Meaning, if you were paid in 2020 for weeks of unemployment benefits from 2019, those will appear on your 1099-G for 2020. The unemployment rate decreased by 1.0 percentage point to 6.9 percent in October 2020. Temporary Disability & Family Leave Insurance The 2020 Maximum TDI weekly benefit rate is $667 for the first half of 2020, and then on July 1 it increases to $881. New Jersey Unemployment. This notice informs employers of their unemployment and disability contribution rates for a fiscal year. This is higher than the long term average of 6.31%. The state’s unemployment remains higher than the United States as a whole (11.1 percent), likely because New Jersey was one of the states hit hardest by the pandemic early on. Beginning January 1, 2020 there will be a significant adjustment in the taxable wage base for New Jersey employees to accommodate benefit increases that will take effect on July 1, 2020. As of 2019, the rate notice will no longer be mailed to you. The current unemployment rate for New Jersey is 9.9% for November 2020. 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. Unemployment rate falls to 6.9 percent in October 2020. ocean 6.8% sussex 7% burlington 6.3% morris 5.9% atlantic 12% monmouth 6.4% salem 8.1% warren 6.3% cumberland 9% hunterdon 5.5% bergen 6.8% somerset 6.1% mercer 6% camden For the week ending Nov. 14, 12,986 new weekly claims were filed, nearly 8,000 fewer than the … Each year at the end of July, you may view and print your rate notice using Employer Access. That was the sixth consecutive month the rate has declined, but it was still nearly twice the February rate of 3.5 percent. The unemployment rate in New Jersey peaked in June 2020 at 16.8% and is now 9.2 percentage points lower. November 12, 2020. Similarly, if you were paid for 2020 weeks in 2021, those will not be on your 1099-G for 2020 – they will appear on your 1099-G for 2021. Since 2005 the unemployment rate in New Jersey has ranged from 2.8% in April 2019 to 16.6% in June 2020. The U.S. unemployment rate peaked in April 2020 to 14.8%—a level not seen since data collection began in 1948—before declining to a still-high 7.6% in December to close out the year. At the same time, New Jersey’s unemployment rose in October. Graph and download economic data for Unemployment Rate in New Jersey (NJURN) from Jan 1976 to Dec 2020 about NJ, unemployment, rate, and USA. NJ 2020 wage base and tax rates for SUI, SDI and FLI.
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