Bringing in the best possible talent is a key step on the path toward declining unemployment insurance taxes. For employers, this part of running the business has never been more important. Today’s economy has been up and down, and having a stable, productive workforce is a strong advantage in the marketplace.

Thankfully, conditions are improving across the country. According to the U.S. Department of Labor, the seasonally adjusted figure for initial claims ticked up slightly on a weekly basis, now at 315,000 for the week ending June 28 compared to 313,000. In addition, the four-week moving average was at 315,000 as well, up 500 claims on a week-over-week level.

The U.S. Department of Labor reported that the total amount of people with unemployment benefits for the week ending June 14 was slightly below 2.5 million, up on a weekly basis. When looking at specific states, the highest insured unemployment rates were found in Alaska at 3.8 percent, New Jersey at 2.9 percent and California at 2.8 percent. The most significant claims increases for the week ending June 21 were found in New Jersey, Connecticut and Maryland.

Employment trends improve
While unemployment insurance claims experienced small gains in June, the overall hiring outlook has improved as well. According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment ticked up by 288,000 last month, an indication that more people are finding work across the country.

Furthermore, the Bureau of Labor Statistics reported that the nation’s unemployment rate decreased to 6.1 percent in June, with employment gains felt in the professional and business services, retail trade and health care sectors, among others. In fact, there is more good news out there for U.S. businesses. The total number of people out of work for more than 27 weeks dropped by almost 300,000 in June. Now, there are 3.1 million long-term jobless in the country, accounting for 32.8 percent of the total number of unemployed.

With these emerging trends, it is possible that employers will soon encounter fewer unemployment claims and a higher probability of landing skilled labor. If this is the case, it would good news for the nation’s economy.

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 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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