New legislation introduced by Sens. Rob Portman, R-Ohio, and Angus King, I-Maine, would improve the current unemployment insurance program and help out-of-work citizens get the skills and training they need to enter the workforce once more.

At the moment, U.S. lawmakers are facing a tough challenge: Getting the long-term unemployed back into the labor market and ensuring that job opportunities keep growing. The two senators hope that their legislation would provide an impetus for this goal, reducing the number of people with unemployment benefits and relieving some of the financial burden from employers.

At its core, the legislation – called the On-the-Job Training Act – would allow states to pair their unemployment insurance systems with job training. States won’t be required to join in, but the bill would also alter the current participation waiver requirements, extending the deadline to apply, simplifying application details and working with states that have existing unemployment insurance programs with an innovative job training focus already.

“We often hear that the federal unemployment programs do not do enough to help people get back to work,” said Portman in a news release. “We need a system that connects the unemployed with the skills they need to compete in today’s global economy. This legislation builds on existing law to help workers avoid long periods of unemployment and develop the skills and the relationships that are so critical to getting back on a career track.”

Job markets struggles to maintain momentum
If passed, it is possible that the legislation could provide a needed boost to the current labor market. In many states, out-of-work residents are struggling to find the right employment opening for them.

According to The Associated Press, there are positive gains in the job market. However, growth has been hampered by one key area: Wages.

“This is the primary economic and policy puzzle facing policymakers right now: Why have wages remained so low in the face of an improving economy?” Joe Brusuelas, chief economist at tax and accounting firm McGladrey, told the news source.

Experts argue that wages have been down due to a high number of unemployed, or even because of new technologies and an influx of part-time workers. Overall, economists feel that wage growth must happen for the labor market to continue its recovery.

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.
Contact our Sales Team
(800) 207-6926

Featured Videos

View All Videos

Latest News

Close

Sales

    Your Name:*

    Title:

    Company Name:*

    Company Address:

    Company City:

    Company State:

    Company Zip:

    Number of Employees:

    Your Email:*

    Phone Number:*

    Fax Number:

    Check the boxes below if you wish to receive information on any of the following:

    Unemployment Cost ControlTax Credits & Incentives (WOTC)Employment / Wage Verification

    Your Message:

    Employment & Income Verfication

      Your Name:*

      Title:

      Company Name:*

      Company Address:

      Company City:

      Company State:

      Company Zip:

      Number of Employees:

      Your Email:*

      Phone Number:*

      Fax Number:

      Your Message: