Senate Freezes Unemployment Insurance Rate to Relieve Small Business Burden and Boost New Jobs
In an effort to relieve economic burdens on small businesses and create new jobs Senator Steven A. Baddour (D-Methuen) voted to freeze the Unemployment Insurance rate, which was scheduled to increase by nearly $300 per employee. Without the freeze, the average employer would see the per-employee payment jump from $584 to $852.
The Senate bill to freeze the Unemployment Insurance rate would hold steady the current rate schedule for Unemployment Insurance assessments on employers for calendar year 2010. In previous recession, the state has frozen the assessment schedule to relieve the burden on small businesses in tough economic times, most recently in 2008 and 2003.
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