New base increases jobless benefits
Private-sector job growth and a recovering economy pushed Washington’s average wage in 2012 to $51,595.
That’s the first time Washington’s average wage – for jobs covered by unemployment insurance – surpassed $50,000, the Employment Security Department said Wednesday.
The 2012 increase was 3.4 percent from the year before. Much of the growth came from a 6.1 percent increase in the number of workers earning more than $75,000.
Three state job sectors saw the highest gains in 2012: company management, up 17.6 percent; information, up 11.5 percent; and agriculture, up 11.5 percent.
The state uses the average wage to calculate unemployment benefits. The minimum weekly unemployment benefit, calculated at 15 percent of the average weekly wage, will increase by $5 to $148, for new claims opened on or after July 7. At the same time, the maximum weekly benefit, calculated at 63 percent of the average weekly wage, will increase by $20, to $624.
The average is also used to compute company unemployment taxes and the state’s workers’ compensation benefit rate.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.