Nebraska businesses will pay less unemployment insurance taxes this year than they did in 2018.
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Gov. Pete Ricketts announced Monday that the average tax rate for the year is 0.7 percent, which is a decrease of 0.06 percentage points from the previous year. That translates to an estimated $4.3 million less in taxes.
Officials say the decrease was driven by a dramatic decrease in continued unemployment claims and benefits paid out. Ricketts says much of the decrease is driven by Nebraska's first-in-the-nation "re-employment program" that requires nearly all benefit recipients to enroll in an individualized plan to find a new job to remain eligible for unemployment.
Nebraska also has one of the nation's lowest unemployment rates.
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