Oregon unemployment tax rates to drop

Oregon unemployment tax rates to drop

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.