dondon

Today's Initial Claims Report: A New Upturn in Joblessness?

As an employer in Hawaii, I was informed that the State Unemployment Fund is near empty. To remedy the situation the State has decided that the unemployment tax that the employers pay will go from around $100-250 per employee per year to $1020 per employee per year for 2010 and $1500 per employee per year in 2011. I have 25 employees. How many businesses will survive this increase? How many employees will be laid off? How many raises will now become unemployment tax? In Hawaii you get 59 weeks combined State and Fed unemployment up to $2000 per month. I think it is time I laid myself off.