Oregon unemployment tax rates to drop

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Wednesday, November 20, 2013

Tax rates employers pay for unemployment insurance will fall in 2014 for the first time in three years.

The average tax rate drops from 3 percent to 2.76 percent, the state said. Officials say the lower rates could save employers $85 per employee, on average, and more than $100 million overall.

"The reason the rates are down is because the unemployment insurance trust fund is at a healthier level," employment department spokesman Craig Spivey. "We've been at the highest tax level for the last three years."

Read more at OregonLive.com.

 

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