Michigan Chamber Praises Legislature For Passage of Cost-Saving Unemployment Insurance Legislation

The Michigan Chamber of Commerce today issued the following statements in response to the passage of unemployment insurance legislation (House Bill 4408) by the State House and Michigan Senate.

Statement from Wendy Block, Director of Health Policy & Human Resources:

What Employers Need to Know About 2011 Unemployment Insurance Tax Increases

Michigan job providers will see increases in state and federal unemployment insurance tax in 2011 to repay the more than $3.8 billion the state borrowed from the federal government to pay jobless benefits as Michigan’s unemployment soared during the recent economic downturn.  These tax increases will trigger automatically under state and federal law, meaning employers will pay $240 million in additional UI taxes in 2011.