|House Gives Initial Approval to Jobless Insurance Rate Changes|
|Berkshire Chamber of Commerce,|
03:09PM / Thursday, February 04, 2010
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
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