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AGC survey on unemployment-insurance rates

Take AGC’s survey on looming increases in unemployment-insurance rates.

Largely due to the pandemic-caused shutdown of segments of the economy, unemployment insurance rates paid by employers are expected to increase significantly in 2021 and 2022 to cover the extraordinary amount of benefits being paid, and to replenish the dwindling unemployment insurance trust fund. Overall, rates paid by employers are estimated to increase by $1 billion in 2021 and another $2 billion in 2022. Depending on their current rates, individual companies could see increases from the double digits up to 700%. Some firms that are already paying the highest rates may benefit from a cap on rates.

AGC is involved with other industry groups and Labor to recommend possible changes to the UI system – both short term changes to address immediate support for the unemployment insurance trust fund, as well as longer term improvements to the system.

To get your thoughts on the matter and to understand how proposed changes could affect your company, AGC encourages members to fill out this brief confidential survey on unemployment insurance issues:

If you have questions or comments, feel free to call AGC Chief Lobbyist Jerry VanderWood, 360-352-5000.

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