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Unemployment taxes to drop next year

Pennsylvania employers will get their unemployment-compensation taxes reduced next year by $141 million, according to a written statement from Gov. Ed Rendell.

Pennsylvania employers will get their unemployment-compensation taxes reduced next year by $141 million, according to a written statement from Gov. Ed Rendell.

As of Jan. 1, the average unemployment compensation tax rate for employers should drop from 5 percent to 4.7 percent, Rendell said. The average cost to employers for unemployment compensation per employee will drop by $28 next year, Rendell said.

The tax rate on employee wages will also be reduced from .09 percent to .06 percent, Rendell stated.

The governor attributed the projected reductions to a low unemployment rate, which he said is at its lowest level in 30 years.

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