Iowa businesses will save next year on the amount of money they have to pay in for unemployment benefits. Iowa Workforce Development spokesperson, Kerry Koonce, says they set the rate based on a tax table each year.
The rate is in place for one year, and Koonce says there shouldn’t be any worry about paying benefits if the unemployment rate should start going back up again.
Workforce Development information says Iowa has one of the lowest unemployment insurance rates in the country.
CONTRIBUTED BY LEARFIELD COMMUNICATIONS