Unemployment Insurance Basics—And Some Common Pitfalls to Avoid | kcarplaw.com
Unemployment Insurance Basics—And Some Common Pitfalls to Avoid | kcarplaw.com
If you are laid off from your job, there are worse places to live than Montana.
According to the Big Sky Business Journal, Montana was No. 20 in the nation in unemployment insurance. The state has held that ranking for the past four years.
The Tax Foundation, a Washington, D.C.-based think tank, maintains a state business tax climate index that considers, among other things, a state's unemployment insurance program, which allows states to pay people who were laid off from their job. Additionally, the universal insurance program finances benefit for recently unemployed workers through taxes on employers.
Oklahoma, Florida, Delaware, Louisiana, Mississippi and Arizona topped the unemployment insurance list. Massachusetts, Kentucky, Idaho, Nevada, Alaska and New Hampshire came in last.
State UI tax systems are often quite complicated. The state uses variable-rate structures that impose different pay rates depending on how well established a business is. Also considered are the company's layoff history and the strength of the state’s UI trust fund.
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