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SUMMARY:
2007 Average Annual Unemployment Rate for Moore County = 4.4%; North Carolina (not seasonally adjusted) = 4.7%
May 2008 Unemployment Rate for Moore County = 5.5%; North Carolina (not seasonally adjusted) = 5.8%
12-MONTH HISTORY OF MOORE COUNTY’S CIVILIAN LABOR FORCE
(rolling 12 months)
MONTH | LABOR FORCE | EMPLOYMENT | UNEMPLOYMENT | | JUNE
2007 | 37,191 | 35,301 | 1,890 | 5.1% | JULY
2007 | 37,592 | 35,721 | 1,871 | 5.0% | AUGUST
2007 | 36,883 | 35,204 | 1,679 | 4.6% | SEPTEMBER 2007 | 36,817 | 35,170 | 1,647 | 4.5% | OCTOBER
2007 | 36,977 | 35,337 | 1,640 | 4.4% | NOVEMBER
2007 | 37,036 | 35,394 | 1,642 | 4.4% | DECEMBER
2007 | 36,633 | 34,938 | 1,695 | 4.6% | 2007 ANNUAL AVERAGE | 38,081 | 36,391 | 1,690 | 4.4% | JANUARY
2008 | 37,657 | 35,644 | 2,013 | 5.3% | FEBRUARY
2008 | 37,365 | 35,362 | 2,003 | 5.4% | MARCH
2008 | 37,728 | 35,890 | 1,838 | 4.9% | APRIL
2008 | 38,164 | 36,322 | 1,842 | 4.8% | MAY
2008 | 38,333 | 36,227 | 2,106 | 5.5% |
UNEMPLOYMENT INSURANCE TAX Certain employers in North Carolina are required to pay a quarterly Unemployment Insurance (UI) Tax to the Employment Security Commission based on a percentage of the payrolls paid by each respective employer. These funds are used to pay benefits to eligible unemployed workers. Companies liable for UI Taxes include (among others):A general business employer with at least one worker in 20 different calendar weeks during a calendar year, or with a payroll of at least $1,500 in any calendar quarter;
An employer subject to FUTA (Federal Unemployment Tax);
An employee leasing company or temporary help company that, under contract, supplies individuals to perform services for clients or customers. Tax Rate In 2008, the standard beginning tax rate is 1.20% on a taxable wage base of $18,600. After approximately 2 years, an official tax rate is assigned to the employer based on several factors including payroll, taxes paid and the timeliness of the payments. The tax rate is assigned annually and generally falls within the range of 0% to 6.84%. Each employer must complete and submit form NCUI 604, Employer Status Report, to the Employment Security Commission to determine tax liability status. For more information on Unemployment Insurance Tax, please refer to the Employment Security website ( www.ncesc.com) at this link: http://www.ncesc.com/business/UI/UiTax.asp. |
