MT unemployment insurance rates going down
HELENA, Mont. (AP) — Montana's Labor Department says the average unemployment insurance rate for employers is going down because more residents are returning to work.
During the recession, Montana employers their contribution rates increase. Next year, the contribution rates will average 2.12 percent, down from 2.32 percent in 2011 and 2012.
Some employers will not see a rate decrease because individual rates are based on an employer's overall employment history.
The agency says Montana was one of 18 states that maintained a positive unemployment insurance trust fund balance throughout the recession and did not have to borrow from the federal government to continue to pay benefits. The state can now reduce its rates because it does not have a loan to repay.
Individual employer rate information will be mailed in mid-December.