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For many employers, a high number of unemployment insurance claims can signal financial and fiscal problems for their companies. If this is the case for you, it may come as a relief to learn that several positive trends have emerged across the country.

According to the U.S. Department of Labor, the advance figure for seasonally adjusted initial claims dropped by 26,000 for the week ending May 3, now at a total of only 319,000. On the other hand, the four-week moving average reached 324,750, up more than 4,000 from the week prior. The seasonally adjusted insured unemployment rate was 2 percent for the week ending April 26, virtually unchanged from the previous reading.

On a state-by-state basis, the highest insured unemployment rates in the middle of April belonged to Alaska at 4.9 percent, New Jersey at 3.5 percent and Connecticut at 3.4 percent. Close behind were California, Illinois and Pennsylvania. The greatest increases for initial claims for the week ending April 26 were found in New York, with an uptick of more than 23,000, and Massachusetts, with an increase of only 3,983 reported.

Job growth continues across U.S.
Overall, the employment situation across the country has been steadily improving. According to Gallup’s recent U.S. Job Creation Index, many employers are hiring and growing the size of their workforces, while a much smaller amount of companies are shrinking.

For April, the U.S. Job Creation Index reached a level only slightly below its peak in January 2008. This trend is being driven by nongovernment job creation, which has been more positive than the situation reported by government workers. In total, Gallup explained that these figures indicate a turnaround for the economy. It appears that the slowdown may be coming to an end, and strong results for U.S. companies have inspired many employers to start looking for additional workers.

This recent U.S. Job Creation Index is indicative of a time before the Great Recession took hold, Gallup noted. Nearly the same percentage of employers are hiring now compared to statistics from early 2008. For companies across the country, this can be seen as good news, because it represents a reversal of many of the negative trends experienced over the past several years.

Juggling tax rates, expenses, 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 insurance 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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