Texas Unemployment. According to the BLS current population survey (CPS), the unemployment rate for Texas rose 7.7 percentage points in April 2020 to 12.8%.The state unemployment rate was 1.9 percentage points lower than the national rate for the month. The unemployment rate for Texas in April 2020 is at a new high.
To give you some perspective, April's unemployment rate is the highest since the Great Depression. In 1933, the unemployment rate reached a record of 24.9%. Unemployment remained above 14% for nine years, from 1931 to 1940. April's unemployment rate reached that level in just a month.
An employer’s tax rate determines how much the employer pays in state Unemployment Insurance taxes. To calculate the amount of unemployment insurance tax payable, TWC multiplies their amount of taxable wages by the employer’s tax rate. The maximum amount of taxable wages per employee, per calendar year is set by statute and is currently $9,000.
The national unemployment rate rose by 10.3 percentage points over the month to 14.7 percent and was 11.1 points higher than in April 2019. State unemployment rates for May 2020 will be released in June 2020. Bureau of Labor Statistics News Release; State Rates 2009-2017
Since 2005 the unemployment rate in Texas has ranged from 2.9% in May 2019 to 8.6% in July 2009. The current unemployment rate for Texas is 3.3% for September 2019. See how other local areas compare by using our Unemployment Compare tool.
Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Texas includes the following metropolitan areas for which an Economy At A Glance table is available: Abilene, TX; Amarillo, TX; Austin-Round Rock-San Marcos, TX
The fifth component of your tax rate is the Employment and Training Investment Assessment (ETIA).The assessment is imposed on each employer paying contributions under the Texas Unemployment Compensation Act as a separate assessment of 0.10 percent of wages paid by an employer.
The US unemployment rate jumped to 14.7 percent in April 2020, the highest in the history of the series and compared to market expectations of 16 percent, as the Covid-19 crisis threw millions out of work. The number of unemployed persons rose by 15.9 million to 23.1 million, while the number of employed declined by 22.4 million to 133.4 million.
Other BLS Programs. Labor Force Statistics from the Current Population Survey—national data on employment, unemployment, earnings, and other labor market topics by demographic characteristics.; Employment, Hours, and Earnings from the Current Employment Statistics survey (National)—monthly national data by detailed industry on employment, hours, and earnings of workers on the payrolls of ...
Unemployment Benefits Services allows individuals to submit new applications for unemployment benefits, submit payment requests, get claim and payment status information, change their benefit payment option, update their address or phone number, view IRS 1099-G information, and respond to work search log requests.