Category

Unemployment Cost Management

UNEMPLOYMENT WEEKLY CLAIMS REPORT W/E JULY 27, 2019

The Unemployment Insurance Weekly Claims report for the week ending July 27, 2019 has been released by the Department of Labor.

  • Seasonally adjusted initial claims: 215,000
  • 4 week moving average: 211,500
  • Seasonally adjusted insured unemployment rate: 1.2%
  • Seasonally adjusted insured unemployment number: 1,699,000
  • 4-week moving average: 1,698,250
  • Number of unadjusted claims: 177,948
  • Unadjusted insured unemployment rate: 1.2%
  • Unadjusted number claiming UI benefits: 1,680,143

VERMONT: UNEMPLOYMENT TAX RATES ANNOUNCED

The Department of Labor in the state of Vermont recently released the fiscal 2020 unemployment tax rates. We will a decreases in construction industries with a dip of .6% in the new-employer tax rates for buildings construction, bringing it down to 4%. This applies to Code 236. Another change applies to Code 237, the civil-engineering construction industry, which will come down half a point to a rate of 5.6%. Code 238 which covers the new-employers in special-trade contracting will also go down a bit, landing at a rate of 5.5%.

The range for experienced employers will stay in the 0.8% to 6.5% range for the July 1, 2019 to June 30, 2020 time period. New employers will also have an unchanged rate from their previous fiscal year, holding steady at 1%.

Join Thomas & Company at the Tennessee Statewide Payroll Conference

Thomas & Company is honored to be the Diamond Sponsor and Website Sponsor of the Tennessee Statewide Payroll Conference. This year’s conference will be held on August 8-10, 2018 at The Embassy Suites & Conference Center in Murfreesboro, TN.

Are you a current Thomas & Company client? Let us know you are coming and check in at the booth for a special gift.

I’m Attending!

You can find a list of speakers and topics for this year’s conference at the Tennessee Statewide Payroll Board website. Note that Thomas & Company will be speaking Thursday, August 9th at 8am on “Unemployment Tax Opportunities: Mergers, Acquisitions, or Other Business Changes”. I look forward to seeing many of you there.

The Tennessee Statewide Payroll Board (TSWB), Region 7 of the American Payroll Association, was established in 2011. TSWV is an independent Board made up of non-paid/volunteer Directors (9) and their Committees. The Board was established in 2011 to alleviate the burden associated with planning a successful TN Payroll Conference Event.  TN Chapters can volunteer to host a conference event and the TSWB will assist them in planning.

TSWB is a member of the American Payroll Association (APA), is the leading advocate to those in the payroll community with a mission to create the opportunity for education, skills, and resources necessary for payroll professionals to become successful leaders and strategic partners within their organizations. By attending events such as the Tennessee Statewide Payroll Conference, Thomas & Company shows our support for the many payroll departments we work with when assisting our clients with Unemployment Cost Management and/or Employment & Wage Verification.

As always, if there are any questions please do not hesitate to contact us.