Unemployment Insurance Contributions to Rise

Unemployment Insurance Contributions to Rise

Today is “c-day” for unemployment rates.  That is, the State is required to, and will, calculate the rates that employers must pay on their payroll, so that the unemployment coffers don’t dry up.  This recalculation was predictable, of course, but with employers not quite ready to take the leap of faith to rehire people, it is difficult to swallow another tax increase.  The tax rate may triple even for employers with good claims, according to the Baltimore Sun.

For the unemployed, though, keeping the safety net going is critical.  It is helpful for the rest of us, too, since the rise in foreclosure rates helps no one.  The maximum weekly benefit, for those who previously earned at the top of the salary scale, will rise to $410 next week.

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