On November 8th, Connecticut Governor Lamont announced that the state was paying of the loan from the federal government that was used to pay unemployment compensation in Connecticut. See the Governor's press release at Governor Lamont 's press release reporting that Connecticut paid off pandemic-era Unemployment Trust Fund debt in advance of the November 10, 2023, [...]
Business representatives from state and national business associations by letter dated August 3, 2020 joined to ask Congress to provide unemployment tax relief from the dramatic increases in unemployment taxes and costs to employers due to unemployment compensation paid because of the COVID-19 shut downs. The closing of businesses due to COVID-19 was made by Governors [...]
Yes, it is official!! After years of recovery from the 2008 recession and constantly increasing FUTA taxes due from employers in California, the state has finally met the key condition needed to avoid FUTA credit reductions: no outstanding Title XII loans. On November 10th , USDOL published the official notice. See also the spreadsheet "Final 2018 Federal Unemployment [...]
