SUMMARY:
>> July 2010 Unemployment Rates (not seasonally adjusted):

•  Moore County = 8.8%

•  North Carolina = 9.9%

 

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%
JULY 2009	38,670	34,847	3,823	9.9%
AUGUST 2009	37,857	34,167	3,690	9.7%
SEPTEMBER 2009	37,989	34,438	3,551	9.3%
OCTOBER 2009	38,407	34,863	3,544	9.2%
NOVEMBER 2009	38,367	34,764	3,603	9.4%
DECEMBER 2009	37,950	34,317	3,631	9.6%
2009 ANNUAL AVERAGE	38,276	34,586	3,690	9.6%
JANUARY 2010	36,917	32,844	4,073	11.0%
FEBRUARY 2010	36,968	32,877	4,091	11.1%
MARCH 2010	37,261	33,568	3,693	9.9%
APRIL 2010	36,971	33,546	3,425	9.3%
MAY 2010	36,728	33,419	3,309	9.0%
JUNE 2010	36,959	33,578	3,381	9.1%
JULY 2010	36,697	33,451	3,246	8.8%

Source:  NC Employment Security Commission – Labor Market Statistics

 

 

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.

 
Unemployment Tax Rate

For 2010, 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 Employment Security Commission to determine tax liability status.

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