Idaho unemployment insurance tax rate to fall 16.8% in 2015
Idaho’s unemployment insurance tax rates are set to drop another 16.8 percent in 2015, the Idaho Department of Labor announced today, as the economic recovery eases the pressure on the state’s Unemployment Insurance Trust Fund. The fund went broke in 2009 and 2010 during the economic downturn, prompting moves including raising the tax rate to its legal maximum in 2012 to restore the fund. The rate has since gone down in 2013 and this year, so next year will mark the third straight rate reduction. There’s more info here from the state Department of Labor.