unemployment fund

Businesses have been looking for help to avoid a hike in what they pay into the unemployment fund. They might instead get credits offsetting other taxes.

With May quarterly payments in the bank, the state was able to temporarily pay down its unemployment borrowing. It won't' be fully solvent until mid-2024.

Though the unemployment fund is recovering faster than forecast, businesses must pay $252 million more into it over the next year.

Lawmakers ticked through a series of exceptions they'd like if a $15 an hour minimum wage is adopted, as Gov. Phil Murphy and his labor commissioner want.