TALX ETS Tax Intelligence June 2012 – 2013 Rate Projections
Unemployment insurance (UI) tax rate increases are
expected to continue as the state unemployment trust funds continue to be depleted
– it is anticipated that it will take billions of dollars and years to reach
proper funding levels. The average UI tax rate in 2008 was 2.26%.
In 2012, the average UI tax rate is 3.43%, an increase of 52%.
Factors that contribute to the expectation for continued UI tax rate increases include:
- Continued high initial unemployment claims – 387,000 for the week ending June 16th
- High total unemployment rates (TUR) – the TUR is projected to be 5.8%* in 2016; 4%-5% is
- State unemployment fund borrowing (Title XII loans) is projected to be $19.87 billion
Please visit http://www.talx.com/News/TaxIntelligence/ETS_Tax_Intelligence_2013_Rate_Projections_June_2012.pdf for
This weblog is sponsored by TALX.
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