Unemployment Reforms Bear Fruit Officials Say

Thursday, September 05, 2013

Lt. Governor Ron Ramsey (R-Blountville) on Thursday announced that a rise in the state’s unemployment trust fund has triggered a considerable tax cut for employers across Tennessee.

Reforms championed by Lt. Governor Ramsey and sponsored by Senator Jack Johnson (R-Franklin) have eliminated waste, fraud and abuse in the system resulting in substantial trust fund savings.

“As I’ve traveled across Tennessee working with job creators to make Tennessee the best place to own and operate a business, employers always told me the same thing: reform our unemployment system,” said Lt.
Governor Ramsey. “The General Assembly answered that call by passing many cost-saving reforms over the past few years. Today, job creators start seeing the results of our actions in their bottom line through cuts in their unemployment taxes.”

Tennessee’s unemployment fund balance rose to over $800 million surpassing the benchmark of $650 million which triggers the elimination of the 0.6% surcharge instituted in 2009 and lowers the tax rate overall for all employers in the system.

“This is truly outstanding news,” said Senator Johnson. “It is fantastic to see our reforms provide a significant tax cut for job creators. Every dollar saved in reduced unemployment tax is a dollar that can be used to expand existing businesses and hire more workers. These reforms clearly benefit not only the job creator but the job seeker as well.”

The General Assembly passed two reforms in the last few years that played a direct role in increasing the trust fund.

The Unemployment Insurance Accountability Act of 2012 (Public Chapter 1050) strengthened the definition of employee misconduct to ensure that those who have been fired for cause no longer receive benefits. The act also enacted new work search requirements for unemployment beneficiaries and provided for random audits to ensure the integrity of beneficiaries' job searches.

Public Chapter 427 (passed in 2013) updated the unemployment misconduct definition to include conduct constituting a criminal offense for which the claimant has been convicted or charged. Additionally, the chapter mandates departmental training of unemployment hearing officers as well as increasing weekly audits from 1,000 to 1,500. 

Georgia Ranked Sixth Nationally For Job Growth

The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) announced that  Georgia is ranked sixth nationally and third in the Southeast for top job growth. With the creation of over 79,300 new jobs in the past 12 months, Georgia represents a strong 2.0 percent annual growth rate, which is higher than the nation’s average of 1.8 percent. Georgia also had solid ... (click for more)

Tennessee's Unemployment Rate For August Increased To 7.4%

Tennessee Labor & Workforce Development Commissioner Burns Phillips announced the Tennessee preliminary unemployment rate for August was 7.4 percent, three tenths of one percentage point higher than the 7.1 July revised rate. The U.S. preliminary rate for August was 6.1 percent, down from 6.2 percent in July. Economic Summary • Over the past year, Tennessee's unemployment ... (click for more)

Inmate Found Dead In County Jail Early Saturday Morning

An inmate died in the Hamilton County jail Saturday morning. Notification was received from the Hamilton County 911 Center at   12:50 a.m. ,   regarding an inmate found unresponsive.   Jail personnel found the male inmate unresponsive in his cell and initiated C.P.R. while notifying Hamilton County Emergency Medical Services. The party ... (click for more)

Democratic Chairman Roy Herron Announces He Will Not Run For 2nd Term

Democratic Party Chairman Roy Herron announced Saturday at a meeting of the Tennessee Democratic Party State Executive Committee that he would not be seeking a second term as party chairman. “I have been blessed to serve as chairman these past two years, and I owe an enormous debt of gratitude to all of the executive committee members, party officials, staff members, and friends ... (click for more)

You’re Right With Lamar

One of Tennessee’s favorite sons, Davy Crockett, coined an oft-used phrase:  “Be always sure you’re right, then go ahead.” Being sure is quite important, but may be difficult in this election cycle. The Democratic nominee campaigning against Lamar Alexander is a man whose radio ads call for “change,” “fair” taxes and more jobs.  Sounds good, huh?   ... (click for more)

Roy Exum: The Saturday Funnies

Okay … here we go. A number of readers have complained that I haven’t shared any jokes that my friends send to my email address so on a weekend when our Volunteers and Mocs are idle, let’s laugh a little:   I was sitting in a bar one afternoon with an old friend knocking back a few beers when he said, "You know, if we're not careful we'll end up like those two old drunks ... (click for more)