Iowa UI Average Benefit Cost Rate and Average Tax Rate Based on Total Wages
This dataset computes the Benefit Cost Rate and Average Tax Rate based on total wages. UI benefits and contributions are divided by total wages in order to control for employment and wage growth. For example, the highest benefit payout was $772 million in 2009. However, 2009 was the third highest payout when controlled for wage growth. Both 1982 and 1983 had higher Benefit Cost Rates.
The highest Benefit Cost Rate was 2.63% in 1982. The highest Average Tax Rate based on total wages was 1.89% in 1985. The lowest Benefit Cost Rate was 0.53% in 1998. The lowest Average Tax Rate based on total wages was 0.49% in 1988. Data excludes reimbursable employers. (Time period: 1980-2018).
|Name||Socrata field name||Column name in ||Data type||Description|
|Average Benefit Cost Rate||average_benefit_rate||average_benefit_rate||Number||Regular UI Benefits divided by total wages. Reimbursable employers excluded|
|UI Benefits||benefits||benefits||Number||Regular Unemployment Insurance benefits. Reimbursable employers excluded|
|Total Wages||total_wages||total_wages||Number||Total wages subject to unemployment Insurance contributions. Reimbursable employers excluded|
|Average Tax Rate Based on Total Wages||average_tax_rate_totw||average_tax_rate_totw||Number||Contributions divided by total wages. Reimbursable employers excluded|
|Contributions||contributions||contributions||Number||Unemployment Insurance contributions paid by covered employers. Reimbursable employers excluded|