On the small scale, this year has been up and down in terms of the labor market. However, the overall trend has been quite positive, with greater employment opportunities, a declining jobless rate and other improvements reported across the country.

One such positive shift has belonged to unemployment insurance claims. According to the U.S. Department of Labor, the advance figure for seasonally adjusted initial unemployment claims dropped by 17,000 for the week ending Nov. 29. On the other hand, the four-week moving average increased by 4,750 claims to a new total of 299,000.

In terms of the insured unemployment rate, the figure for the week ending Nov. 22 came in at 1.8 percent, the same as the previous seven-day period. Overall, the number of seasonally adjusted insured unemployed during that time was slightly more than 2.3 million, up by 39,000 compared to the week prior. The four-week moving average was also up slightly.

On a state-by-state level, the highest insured unemployment rates were found in Alaska at 4.2 percent, New Jersey at 2.9 percent and California at 2.5 percent. The most significant increases in initial claims for the week ending Nov. 22 were in California, Pennsylvania and Ohio, with gains of more than 19,000; 8,000; and 7,000, respectively.

“Unemployment rates have declined in 34 states this October.”

Many states experience jobless rate decreases
The results were also positive when looking at the general unemployment rate across the country. According to the U.S. Bureau of Labor Statistics, 34 states – as well as Washington, D.C. – experienced declines from August to September. Only five states had increases.

Some of the largest unemployment declines on a month-over-month basis were found in Kentucky, Colorado, Idaho and Missouri. When comparing statistics from October 2014 to October 2013, 42 states saw their unemployment rates decrease. The West region had the highest jobless rate in October of this year, while the lowest was in the Midwest. Every region had significant month-over-month declines.

On a large scale, these trends are good news for employers all across the country. More people are finding work, and that could eventually lead to fewer unemployment insurance claims and fewer expenses for businesses.

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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