Finding effective, affordable strategies to manage your unemployment costs is likely one of your top priorities each year. While there are many methods you can use to keep these expenses down, one problem can cause you a lot of headaches: fraud.

Improper claims take place all across the country, with many states working diligently to help employers prevent fraudulent filings and ensure that only people who deserve payments are receiving those benefits. Recently, some good news was announced in Texas, as the state's unemployment insurance agency recovered $3.7 million in fraudulent claims over the course of 2013.

According to the Texas Workforce Commission, a series of investigations into improper payments resulted in finding multiple instances of fraud. The money will be put back into the Unemployment Compensation Trust Fund, used to cover benefits to deserving individuals.

"The Texas Workforce Commission is steadfast in its efforts to prevent and prosecute UI fraud," said TWC chairman Andres Alcantar. "One of our top priorities is to safeguard the UI Trust Fund for the employers and workers of Texas."

Following the recovery of the millions in fraudulent payments, a number of people were prosecuted for making illegal claims in 2013, TWC explained. Many of those individuals were ordered to pay restitution, including $54,675 for four Bexar County residents.

Texas labor force improves
In addition to the crackdown on fraudulent unemployment insurance claims, TWC reported that the state's economy received a boost via thousands of new jobs over the past year.

The labor market grew by 383,100 jobs between May 2013 and the same month in 2014, TWC noted. That represents the largest yearly increase in roughly 17 years. The annual growth rate also ticked up, now at 3.4 percent in May, while the unemployment rate decreased to 5.1 percent, compared to 5.2 percent in April.

"Texas employers kept our economy moving with 383,100 jobs added over the year, the largest such increase since September 1997," said Alcantar. "We continue to work with our workforce and education partners to ensure that Texas workers have the in demand skills required to bolster this impressive job creation."

Overall, these trends in Texas are a positive sign for local employers. With fewer fraudulent claims and a stronger economy, it will be more likely that unemployment insurance costs remain low.

Juggling tax rates and difficult employees can become challenging at your company. Here at Corporate Cost Control, we understand these problems and are well-positioned to help. Our extensive background in cost control and human resources will allow you to better manage your unemployment expenses.

Contact CCC to see how we can save your organization time and money. Contact our Sales Team (800) 207-6926

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