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.

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
MassDOT: South County Construction Operations
Holiday Hours: Christmas & New Year's
Ventfort Hall Gilded Age Mansion Opens for the Holiday Season
MassWildlife: Avoid Decorating With Invasive Plants
NTIA Approves $14.1M to Boost Statewide Digital Equity
North Adams Holds First Veterans' Christmas Breakfast
Big Lots to Close Pittsfield Store
McCann and Taconic Awarded CTI Grants
Guest Column: An Honor to Serve
Puppeteer To Present 'Little Red Riding Hood' At Ventfort Hall

 


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:
Qualprint Breakfast Walmart Winstanley Expansion Sales Tax Store Opening Sabic North Adams Talkberkshires Wall Street Unemployment Berkshire Chamber Of Commerce Merger Crane & Co. Tricks Of The Trade Great Barrington Unemployment Nbt Bank Auction Adams Excelsior Williamstown Statistics Baldwin Pittsfield Berkshire Enterprises Bj's Small Business Statistics Jobs Social Media Wmeco State Currency
Popular Entries:
Chamber Drive Nets Donation for Shelter
Pittsfield Jobless Rate at 7 Percent
State Added 12,700 Jobs in July
State Jobless Holds Steady at 7.6%
Excelsior Brings Greeting Card Co. To North Adams
Cranwell Voted Best For Meetings
Super Duper Wally World
Baldwin Brings Berkshire-style Talk to Florida
Chamber Sets Free Workshop on QR Codes
Quality Printing Buys Marketing Franchise
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