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 Quarterly Report Adjustment UITR 3 2021

Colorado Uitr 2021-2025 Form

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the mission of Department of Workforce Services is to support a thriving economy by supporting the workforce unemployment insurance which is 100% funded by employer contributions is used to help individuals that were recently separated from their job uh while they become re-employed so we have this quarterly data summary that the Department of Labor releases that's basically an overview of the entire unemployment program from a national and a state perspective right now Utah employers average about 0.75% in contribution rates um from their total wages for 2015 69% of employers are actually paying the minimum contribution rate on their taxable wages that works out to upwards a maximum of $94 per employee per year for that unemployment insurance coverage so if you look just at the raw number uh we're currently 11th in the nation with a trust fund balance over 825 million and so Utah was one of only 15 states that did not have to borrow money from the federal government in

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