Information On the State Unemployment Tax Rates
February 8th, 2012 by the writer
The state unemployment tax rates are going up in many places across the country because of the current economy. During the last of quarter of 2007 and the first quarter of 2008, the nation’s unemployment rate began steadily climbing. It was during this time that thousands of companies closed shop or began downsizing, and it was also a time when millions of people lost their jobs. Ever since then, the unemployment benefits expiration period has been extended four times. In normal times, the amount of weeks a person can claim unemployment benefits is twenty six weeks, however, since this economic recession has dragged on for over three years, this expiration time frame has been increased to ninety nine weeks. As a result of all these extensions, local governments have had to increase state unemployment tax rates on local employers. Some of the states that have had to increase rates recently include Georgia and California.
