Rising unemployment insurance claims can pose significant financial problems for employers across the country. As economic and labor conditions improve, the U.S. Department of Labor reported that initial claims decreased on a weekly basis.

For the week ending May 24, initial claims numbered only 300,000, the DOL noted. That is a week-over-week drop of 27,000, with the four-week moving average slipping more than 11,000 to 311,500. The largest increases in unemployment insurance claims belonged to Michigan, California, Kansas, Missouri and Pennsylvania.

In addition to the waning number of claims, the U.S. Bureau of Labor Statistics reported that unemployment rates in many major cities across the country also declined. In fact, 118 of the 372 metropolitan areas had rates below 5 percent in April. Moreover, nonfarm payroll employment also ticked up in a majority of U.S. cities, with the largest year-over-year increase taking place in the greater Los Angeles region.

Juggling tax rates and expenses 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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