Home About Archives RSS Feed

House Gives Initial Approval to Jobless Insurance Rate Changes

Berkshire Chamber of Commerce

The Berkshire Chamber passed on this information:

The state House budget committee on Thursday approved an unemployment insurance rate freeze bill that aides say would hit employers with per-employee average increase of $110 per year but spare businesses from a rate schedule with even higher rates.  More Massachusetts residents have been relying on the fund during the recession for cash benefits and the fund will need years of federal loans to keep benefits flowing.

Unemployment in Massachusetts hit 9.4 percent in December.  Patrick administration officials said last year they were considering a rate relief plan but no proposal has been filed and steep unemployment insurance rate hikes are scheduled to trigger in the spring, unless legislators and Patrick agree to a new schedule. 

"Freezing the rate is an appropriate step at least based on the numbers that I've seen," John Regan of Associated Industries of Massachusetts, an employer trade group, told the Statehouse News Service on Thursday morning.  "We'd clearly like to see systemic reform as well, not that we're ungrateful for the step that's being taken."  The House gave the bill initial approval Thursday morning and it could receive further attention in the afternoon.

The Berkshire Chamber of Commerce will keep you informed on this topic. If you have any questions, call 413-499-4000.

Write a comment - 0 Comments       Tags: unemployment, employers      

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
Biz Briefs: Wild Oats Donates to Habitat for Humanity
Lanesborough Tigers Head to National Tournament
Power Shutoff Leaves Cheshire Mobile Home Park High & Dry
Share Your Bounty with Family
Harvest Festivals and Craft Fairs 2019
North Adams Happenings:Nov. 20-26
Berkshire Lax Team Competes in Regional Showcase
Education Task Force Continues Study on Countywide School District
Adams to Consider Bellevue Cemetery Expansion
Messy Mix of Ice, Rain, Snow Expected Monday Night

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Pittsfield Berkshire Creative Excelsior Small Business Crane & Co. Jobs Auction Talkberkshires Berkshire Enterprises Qualprint Walmart Currency Williamstown Flood Expansion Statistics Merger Baldwin Gas Prices Sabic Berkshire Chamber Of Commerce Statistics Social Media State Bj's Unemployment Great Barrington Breakfast Adams North Adams Unemployment Sales Tax Berkshire Living Wmeco Store Opening
Popular Entries:
Excelsior Brings Greeting Card Co. To North Adams
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Williamstown Chamber Seeks Input on Future Role
Aladco Installs New 'Green' Washing Machine
New Dog Training Center Open in North Adams
Storey Publishing to Host Next Creative Challenge
Carbone Dealership Empties Lot
White Hart Inn For Sale for $5M
Real Estate Panel to Tour S. County, Pittsfield Sites
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move