The state of Michigan's unemployment rate surged in October to 9.3%. And if there if Congress doesn't lend the Big 3 a helping hand in the coming weeks, you can be sure that figure is definitely going to rise.
story here...
Thursday, November 20, 2008
Friday, November 14, 2008
The State of Michigan must raise taxes on employers in the state to keep its unemployment fund solvent.
According to the Detroit Free Press:
According to the Detroit Free Press:
IOU raises jobless taxes for 40,000 employers
By CHRIS CHRISTOFF
FREE PRESS LANSING BUREAU CHIEF
Hard economic times have caught up to Michigan’s unemployment insurance fund in a big way.
About 40,000 Michigan employers will pay an extra $67.50 per employee in January to help pay off a $472.8-million shortfall in the state unemployment benefits fund.
Read the rest of the article hereThursday, November 13, 2008
Keep your health insurance if you're unemployed
This article from the Dallas Morning News does a good job at stressing the importance of keeping health insurance while you're out of work.
One good idea that it mentions is that if you're still in the open enrollment period for picking your health-care plan--and--you expect layoffs could be coming, you can select a lower-cost health plan, which should lower your COBRA insurance payments should that be the best plan you can get if you are let-go.
Nevertheless, you should contact other health insurance companies to get a health insurance quote and to decide what is best for your family.
One good idea that it mentions is that if you're still in the open enrollment period for picking your health-care plan--and--you expect layoffs could be coming, you can select a lower-cost health plan, which should lower your COBRA insurance payments should that be the best plan you can get if you are let-go.
Nevertheless, you should contact other health insurance companies to get a health insurance quote and to decide what is best for your family.
Wednesday, November 12, 2008
California Unemployment Insurance
According to the San Francisco Chronicle, the state's unemployment insurance fund is struggling.
Read the article here.
Read the article here.
State unemployment funds running dry
According to this article:
The state of Ohio may see it's unemployment coffers run dry in late 2008.
There are many other states that are running into this issue, and I will try to put up a list. States such as Ohio can borrow money from the feds, but don't be surprised if this will cause employers to pay higher premiums, and unemployment benefits to be reduced in the future.
The state of Ohio may see it's unemployment coffers run dry in late 2008.
There are many other states that are running into this issue, and I will try to put up a list. States such as Ohio can borrow money from the feds, but don't be surprised if this will cause employers to pay higher premiums, and unemployment benefits to be reduced in the future.
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