2018 Unemployment Cost Facts for New Hampshire

New Hampshire 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.

$123 Average State Unemployment Tax (SUTA) Cost per Employee

Employers in New Hampshire paid an average of $123 per employee in state unemployment insurance taxes in 2017.

savings snipUnemployment Claim Stats

$11,102 in Total Maximum Benefits: A claimant can collect up to a maximum of $11,102 on a single claim in New Hampshire.

$4.8 Million in Unemployment Claim Over payments: New Hampshire’s fiscal year 2017 unemployment claim over payment rate was 9.923%, equaling over $4.8 million.

$315 Recommended Average SUTA Cost per Employee

According to the U.S. Department of Labor, New Hampshire Employment Security is financing unemployment at 61% less than their minimum adequate financing rate. In order to meet adequate financing, Employment Security will have to increase average SUTA costs per employee from $123 to $315.

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!