July 2016 Unemployment data is coming in and the Unemployment Rate (Seasonal) remained at 4.9% for the second month in a row.
Although jobless claims have been low for 72 weeks, that does not mean employers should not continue to be vigilant in managing this significant cost. Managing Unemployment Insurance during the good times helps to set a solid precedent that will help you to be more effective during the downturns. The time to put effective cost management practices into place is during the economic "good times" in order to be better prepared for the "down times".
Contact UI Steward for more information on how to manage this cost more effectively.