SUMMARY:
>> December 2011 Unemployment Rates (not seasonally adjusted):

•  Moore County = 9.0%

•  North Carolina = 9.8%

•  United States = 8.3%

 

13-MONTH HISTORY OF MOORE COUNTY’S CIVILIAN LABOR FORCE ESTIMATES
(rolling 13 months)

MONTH	LABOR FORCE	EMPLOYMENT	UNEMPLOYMENT	UNEMP. RATE %
2007 ANNUAL AVERAGE	37,133	35,433	1,700	4.6%
2008 ANNUAL AVERAGE	36,450	34,194	2,256	6.2%
2009 ANNUAL AVERAGE	38,276	34,586	3,690	9.6%
DECEMBER 2010	36,041	32,958	3,083	8.6%
JANUARY 2011	35,967	32,414	3,553	9.9%
FEBRUARY 2011	36,062	32,643	3,419	9.5%
MARCH 2011	36,607	33,422	3,185	8.7%
APRIL 2011	36,487	33,379	3,049	8.5%
MAY 2011	37,078	33,895	3,183	8.6%
JUNE 2011	37,334	33,921	3,413	9.1%
JULY 2011	37,305	33,912	3,393	9.1%
AUGUST 2011	36,951	33,442	3,509	9.5%
SEPTEMBER 2011	36,961	33,546	3,415	9.2%
OCTOBER 2011	37,205	33,919	3,286	8.8%
NOVEMBER 2011	37,188	33,971	3,217	8.7%
DECEMBER 2011	37,049	33,725	3,324	9.0%

Source:  NCDOC Division of Employment Security – Labor Market Statistics

 

 

UNEMPLOYMENT INSURANCE TAX

Certain employers in North Carolina are required to pay a quarterly Unemployment Insurance (UI) Tax to the NCDOC Division of Employment Security 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.

 
Unemployment Tax Rate

For 2011, the standard beginning tax rate is 1.20% on a taxable wage base of $19,700.  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 Division of Employment Security to determine tax liability status.

>> For more information, please refer to the Division of Employment Security website (www.ncesc.com) at this link: Unemployment Insurance Tax.