Nebraska businesses will pay less unemployment insurance taxes this year than they did in 2018.
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.