admin 
Posted in 
Tags: 
Looks like we are not in recovery, but maybe we are, wait…….opps, back into not being in recovery. Will this end..kinda sorta maybe?
For the past 4 weeks, we have been in a rut with jobless claim submissions totaling over 400,000 per week.
“Jobless claims remain elevated, and this will remain the limpest economic recovery since the Great Depression,” said John Lonski, chief economist at Moody’s Economy.
“This is telling us that we’re not making much progress at bringing back the nearly 7 million jobs that have been lost since January 2008.”
We have noticed that with these claims, many small businesses have had their SUTA rate in Florida go higher. Florida is a leading state for unemployment but our PEO partners have been keeping their rates down.
“Our SUTA rate has remained low through client education, resource sharing, and sound underwriting. The true benefits of a co-employment relationship are achieved when clients understand how fraudulent unemployment claims can be reduced and how this leads to lower labor costs for them.” says Richard Schaub, owner of a PEO Company in Florida.
For more information on looking at how to cut back your suta, go to our PEO Quote Form and follow the instructions. We will be getting back with you to help see what is available in your market.
Incoming search terms:
