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2007 Unemployment Tax Comparisons

   Rates
 Indiana Michigan Illinois Ohio Kentucky
   New Employer Rate
 2.7% 2.7% 3.1%+ 2.7%+ 2.7%
   Wage Base
 $7,000 $9,000 $11,500 $9,000 $8,000
   New Employer
   Cost/Employee
 $189 $243 $356.50 $243 $216
   Average Tax Rate
   (2007)
 3.0% 4.5% 4.5% 2.6% 2.7%
   Average Tax
   (per Employee)
 $210 $405 $517.50 $234 $216
   Minimum Tax Rate
   (2007)
 1.10% 0.06% 1.0% 0.4% 0.5%
   $/Employee
 $77 $7 $115 $36 $40

   Maximum Benefit

 $390 $362 $367-$498 $355-$479 $401
   Average Benefit
   (4th Quarter, 20075)
 $298.20 295.13 $319.25 $292.11 $281.70
   Average Duration
   in weeks (2007)
 12.9 14.8 17.2 15.0 13.0
   Average Payout
   (Claim)
 $3,846.78 $4,367.92 $5,491.11 $4,381.65 $3,662.10
   Trust Fund as % of
   Total Wages/Rank*
 0.31/45 0.03/52 0.26/46 0.14/49 0.25/47
   High Cost
   Multiple/Rank*
 0.30/36 0.02/52 0.22/48 0.10/49 0.19/45

* Trust Fund as a % of Total Wages and High Cost Multiple are measures of solvency – Rank of 1 is best and 53 is worst (D.C., Puerto Rico, and Virgin Islands are included in master data).

Source: Indiana Manufacturers Association, 05/08

 

 

 
   
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