The New Jersey Department of Labor recently announced the 2007 benefit levels for unemployment insurance, disability insurance and workers' compensation. Under New Jersey law, those benefits are adjusted annually, based on fluctuations in the statewide average weekly wage.
In 2005, the statewide average wage was $947.64, up 2.9 percent from $920.88 the previous year.
As a result, the maximum weekly benefit for unemployment insurance claimants will rise from $521 to $536. Maximum disability benefits will increase from $488 to $502. The top workers' comp benefit will rise from $691 to $711. The taxable wage base will rise from $25,800 to $26,600.