Now that the end of the year is approaching, many states are announcing their 2015 unemployment insurance tax rates. Across the country, scores of employers are receiving word that a reduction is in the works for the new year, and Idaho is no different.

According to the Idaho Department of Labor, the unemployment insurance tax decrease in the state will be significant. Compared to 2014, the new rate will clock in 16.8 percent lower. This is thanks to a stronger local economy and the increased solvency of Idaho’s Unemployment Insurance Trust Fund. This is also the third straight year with a tax reduction.

Now, the base rate is roughly 1.6 percent for the first $36,000 in paid wages, the Idaho DOL noted. Rates for employers with an unemployment insurance history will range from 0.4 percent to 1.5 percent on the low end of the spectrum to between 2.7 percent and 5.4 percent for more costly businesses. The overall savings could amount to millions of dollars for local employers.

The Idaho DOL also explained a change to unemployment insurance filing. Now, employers only have the option of online reports for their unemployment insurance taxes. Paper reports are no longer available. This will help save the state substantial costs and improve reporting accuracy.

Idaho jobless rate continues to drop
The announcement that the unemployment insurance tax rate will decline in Idaho is certainly good news, but there are more positives for local employers.

“Idaho’s jobless rate is now the lowest in more than six years.”

Specifically, the Idaho DOL reported that the jobless rate has hit its lowest level in more than six years. In October, the rate was 4.1 percent, well below the national average. In addition, total employment has increased to 742,400. More than 63 percent of Idaho’s working-age population is currently employed or looking for jobs. In terms of new hires, there were 21,000 noted in the state this October, the highest level for that month since 1999.

Overall, Idaho is on the right track in terms of unemployment insurance and the labor market. Employers are hoping that the trend of declining tax rates will continue through 2015 and well into years to come.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


Contact CCC to see how we can save your organization time and money.
Contact our Sales Team
(800) 207-6926

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