House Bill 4 increases taxes for some employers, shortens the number of weeks an unemployed worker is eligible for benefits, and reduces the maximum benefits such a person can receive.
The action by the GOP governor came as good news to Chuck Edwards, president and CEO of the C. Edwards Group Inc., which owns seven McDonald’s Restaurants in western North Carolina.
“I know that business in general is very appreciative of the state leaders for giving this some attention because the problem wasn’t even on the radar screen two years ago,” Edwards said.
Chosen excerpts by Job Market Monitor from
North Carolina lawmakers are considering a bill that would slash unemployment benefits and cause the state to lose roughly $600 million worth of extended jobless compensation paid entirely by the federal government. The measure would reduce the maximum weekly benefit from $530 to $350 per person. If it passes, North Carolina workers will no longer … Continue reading »
Governor Bev Perdue announced this week that thanks in part to state and local incentives that high tech firm NetApp will hire around 460 workers in the area over the next several years. According to a statement from the governor’s office, the company plans to create 460 new jobs over four years and invest more … Continue reading »
Based on notification from the U.S. Department of Labor, North Carolina is no longer eligible for the Extended Benefits program. The last payable week of the Extended Benefits program will be the week ending May 12, 2012. Workers who file their claim through the Extended Benefits program will no longer be eligible to receive extended … Continue reading »
North Carolina has become the eighth state to cut the number of weeks of state unemployment benefits. Starting July 1, 2013 there will be a range of state unemployment benefits from 12 to 20 weeks. The number of weeks would be calculated twice a year and based on the state unemployment rate. In addition, the weekly … Continue reading »