For employers, one of the main reasons why unemployment claims start to increase is because of a lack of skilled workers. In a tough economy, it may be challenging to find the right people for the job, often leading to early terminations and a rise in benefits.

However, there is plenty to look forward to in today’s economy, as several recent reports indicate that the overall employment situation has been relatively strong this summer. If this trend continues, it could mean that employers will have an easier time finding quality new hires for their companies.

US high on payroll to population rate list
A recent poll from Gallup has found that the U.S. is high up on the list of strongest payroll to population rates. These recent P2P readings were compiled by conducting more than 136,000 interviews across 136 countries last year.

The results indicated that the U.S.’ P2P rate – or the percentage of adult workers who are on the job for at least 30 hours per week – was 43 percent, according to Gallup. Higher P2P rates often coincide with a country’s wealth. The best on the list were the United Arab Emirates, Iceland and Bahrain, for example.

When the entire region of North America was looked at by Gallup, it had the highest P2P rate at 43 percent, slightly ahead of the former Soviet Union at 42 percent.

US experiences slight job gains
While the U.S. P2P rate is relatively strong, a recent report from the Bureau of Labor Statistics noted an additional positive sign: more jobs.

According to the BLS, there were 4.7 million job openings at the end of June, a slight uptick compared to the 4.6 million reported at the same time last year. The hires rate remained steady at 3.5 percent, while the separations rate was at 3.3 percent. Out of that latter segment, 1.8 percent of employees quit, while 1.2 percent were either laid off or discharged.

Most importantly, there were more hires than separations over the past year, which means that employment is on the way up – even if the individual gains in new hires hasn’t been exceedingly high.

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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