Content area

Abstract

The national average -- including both the state and national portions of the tax -- increased from $182 per employee in 1991 to $203 in 1992. At an average of $254.80 per employee in 1992, Connecticut ranks near the middle of the pack -- at 22 -- up five slots from its ranking of 27 last year in the survey by Laurdan Associates, a Maryland-based consulting firm.

Connecticut employers aren't just paying the tax these days for unemployment. Last month, they were forced had to pay $40 million in interest on the more than $500 million the state has borrowed from a federal trust fund to keep checks coming to Connecticut's jobless.

Ron Adler, president of Laurdan Associates, said Connecticut was one of justonly three states that had to borrow from the federal trust fund as of the end of the first quarter of this year.

Details

Title
Unemployment insurance systems feel the pressure of recession: [A Edition]
Publication title
Hartford Courant; Hartford, Conn.
Pages
3
Number of pages
0
Publication year
1992
Publication date
Sep 28, 1992
Section
BUSINESS WEEKLY
Publisher
Tribune Publishing Company, LLC
Place of publication
Hartford, Conn.
Country of publication
United States
ISSN
10474153
Source type
Newspaper
Language of publication
English
Document type
NEWSPAPER
ProQuest document ID
255290996
Document URL
https://www.proquest.com/newspapers/unemployment-insurance-systems-feel-pressure/docview/255290996/se-2?accountid=208611
Copyright
(Copyright @ The Hartford Courant 1992)
Last updated
2011-09-29
Database
ProQuest One Academic