Unemployment premiums down for first time in three years

Tennessee employers will pay unemployment insurance premiums at a lower rate for the first time in more than three years.

Unemployment insurance premium rates for state employers decreased because the balance of Tennessee’s Unemployment Compensation Trust Fund on June 30 was more than $568 million, triggering new premium rates.

Employers with workers in Tennessee are responsible for reporting their workers' wages each quarter and paying unemployment insurance premiums on the taxable portion of those wages, the first $9,000 paid to each employee each year.

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