The past several years have been challenging on the nation’s economy. For employers, the up-and-down conditions have led to tighter finances, a higher potential for problems and other headaches.

However, a lot has changed recently. The country’s economy is improving, leading to a better labor market and a positive outlook for many employers. One factor that has shifted over the past several months is unemployment insurance, with fewer claims filed on a monthly basis.

In addition, Oregon has also implemented a new direction for its unemployment insurance. According to the state’s Employment Department, the amount paid on a weekly level has increased. For all claims filed after June 29, both the maximum and minimum amounts have ticked up. This change will only affect new claims, however – all existing benefits will stay the same.

Now, the Employment Department explained that a person can receive at most $549 per week, with the floor set at $128. This decision was made based on the average weekly wage for the state. Overall, this shift is a 2 percent and a 1.6 percent increase for the maximum and the minimum payments. Previous totals clocked in at $538 and $126, respectively.

Oregon experiences job growth
In addition to the change to unemployment insurance, Oregon has also experienced positive job growth over the past year. The Employment Department reported that the last few months have seen strong gains in a number of sectors.

For example, more than 4,000 new jobs were formed in May, with more than 6,000 noted in April, according to the news source. Strong segments included retail trade, leisure and hospitality as well as repair and maintenance, among others. Furthermore, the state’s unemployment rate has held steady over the past year, coming in at 6.9 percent in May and 6.8 percent in April.

Better yet, more people are finding full-time work compared to part-time jobs, a sign that the overall economy is improving. The Employment Department reported that only 13.4 percent of local residents are working part time for economic reasons, which is a monthly decrease. This is also an indication that more people are finding the jobs they want, instead of taking the only ones available to them.

At Corporate Cost Control, we work closely with employers across the country to better manage the nuances of unemployment insurance. Legislation changes on the state level could impact you today, and we welcome any questions or concerns you may have on a wide range of topics.


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

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