On a large scale, the U.S. labor market has been steadily improving. Jobs are on the rise, household income is up and employers are facing better conditions.

What does this all mean? For starters, your business could soon see lower employment-related costs, including a smaller need of hiring and fewer unemployment insurance claims. In fact, the decrease in claims has recently been supported by the U.S. Department of Labor, which has reported positive trends in this segment.

“Yearly UI claims trends are a positive for employers.”

On a micro level, however, unemployment claims have actually increased as of late. According to the DOL, the week ending April 11 saw claims tick up by 12,000, to a new total of 294,000 claims. On a similar note, the four-week moving average increased by only 250 claims, now at 282,750 for the week.

In addition, the DOL reported that the seasonally adjusted insured unemployment rate – an indication of the number of unemployed workers with benefits – was at 1.7 percent in early April. Overall, there were more than 2.5 million people claiming benefits by the end of March, down roughly 90,000 from the previous seven-day period. At the same time in 2014, that figure was more than 3 million.

When comparing states, the highest insured jobless rates were found in Alaska, New Jersey and Connecticut, while the largest increases in first-time claims were in Pennsylvania, New Jersey and Illinois.

Jobless rates continue to tick down
When looking at the general jobless rates across the country, there are more positive signs for the U.S. labor market.

According to the U.S. Bureau of Labor Statistics, February unemployment rates have dropped in 366 of the 387 metropolitan areas across the country. In fact, three of these areas actually had rates below 3 percent, led by Lincoln, Nebraska at 2.4 percent. The other two were Ames, Iowa at 2.7 percent and Midland, Texas at 2.8 percent.

Overall, the U.S. labor market is headed in the right direction. While unemployment claims increased on a weekly basis, the yearly trend is still positive, and many cities are facing lower jobless rates and other improving conditions.

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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