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  • Unemployment Insurance Fund in Danger of Failing

Unemployment Insurance Fund in Danger of Failing

Ohio – A joint Ohio House and Senate committee has started meeting in order to figure out a way to save Ohio’s endangered unemployment compensation system. The unemployment compensation fund could fail unless the state legislature reforms the program, which could mean higher premiums for Ohio businesses or cuts in benefits to those who face a job loss. According to State Senate President Keith Faber, “If nothing is done, the state could have to borrow more money from the federal government.”
By Michael Williams|Blog, News & Press|Comments Off on Unemployment Insurance Fund in Danger of Failing

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Unemployment Updates

In the week ending February 19, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 248,000 to 249,000.

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Unemployment Tax Control Associates (UTCA) assists clients in reducing the costs and complexities of managing their unemployment compensation programs, utilizing a unique pre-emptive approach to dramatically reducing unemployment costs.

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