2018 Unemployment Cost Facts for New York

NY 2018

 

What do state unemployment tax (SUTA) costs, claims costs and wage base amounts mean to your organization?

These factors could mean less money for your cause.

$319 Average State Unemployment Tax (SUTA) Cost per Employee

Employers paid an average of $319 per employee in state unemployment insurance taxes in 2017

Unemployment Claim Stats

$10, 530 Total Maximum Benefits 
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A claimant can collect up to a maximum of $10,530 on a single claim.

$324 Million Unemployment Claim Overpayments

New York’s fiscal year 2017 unemployment claim overpayment rate was 14.139% equaling over $324 million.

$11,100 2018 Taxable Wage Base

The unemployment wage base increased from $8,500 in 2013 to $10,300 in 2014, and will continue to increase by $200-$300 each year through 2026; therefore increasing the wages on which employers pay SUTA on.

2019: $11,400

2026: $13,000

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities  Click here or call (312) 239-8385 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!