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A 35 PERCENT DECREASE


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Businesses cheer drop in unemployment taxes

The state's once-insolvent trust fund that is used to pay benefits to people who lose their jobs has been restored

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Dec 20, 2013

~~<p>For the first time in five years, Hawaii businesses will see their unemployment tax bill go down thanks to progress made in replenishing the trust fund used to pay jobless benefits.</p>
<p>The average annual payment per employee will drop to an estimated $591 next year from $887 in 2013, a decline of nearly 35 percent, officials from the state Department of Labor and Industrial Relations announced Thursday.</p>
~~

For the first time in five years, Hawaii businesses will see their unemployment tax bill go down thanks to progress made in replenishing the trust fund used to pay jobless benefits.

The average annual payment per employee will drop to an estimated $591 next year from $887 in 2013, a decline of nearly 35 percent, officials from the state Department of Labor and Industrial Relations announced Thursday. Login for more...



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