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Pennsylvania’s unemployment rate sits at just 3.4% as of June, according to the commonwealth’s Department of Labor and Industry. Pennsylvanians are out of work at nearly a record-low rate, but ...
The Commonwealth's unemployment rate was one-tenth of a percentage point above its August 2023 level of 3.3%, while the national rate was up four-tenths of a percentage point over the year ...
Certain credits are allowed with respect to state unemployment taxes paid that may reduce the effective FUTA rate to 0.8%. Effective July 1, 2011, the rate decreased to 6.0%. That rate may be reduced by an amount up to 5.4% through credits for contributions to state unemployment programs under sections 3302(a) and 3302(b), resulting in a ...
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Pennsylvania's unemployment rate between 1976 and 2021 The U.S. unemployment rate during these years As of 2024, Pennsylvania's gross state product (GSP) of $1.0 trillion is the sixth-largest among all U.S. states behind California , Texas , New York , Florida , and Illinois .
The Commonwealth's unemployment rate was four-tenths of a percentage point below its January 2023 level of 3.8%, while the national rate was up three-tenths of a percentage point over the year.
The steady employment gains in recent months suggest a rough answer. The unemployment rate has been 7.9 percent, 7.8 percent and 7.8 percent for the past three months, while the labor force participation rate has been 63.8 percent, 63.6 percent and 63.6 percent. Meanwhile, job gains have averaged 151,000.
The Commonwealth's unemployment rate was two-tenths of a percentage point above its record low July 2023 level of 3.2%, while the national rate was up eight-tenths of a percentage point over the year.