Unemployment benefit reduction considered by committee
January 27, 2023 - The Senate Committee on General Laws on Wednesday heard SB 21, filed by Sen. Mike Bernskoetter, that would reduce the weeks of unemployment benefits available when unemployment rates are low.
Associated Industries of Missouri supports the bill that would lower unemployment benefits to as few as 8 weeks when the unemployment rate is at or below 3.5%. The unemployment rate at the end of December 2022 was 2.3%.
Employers continue to struggle to find employees Despite employing a plethora of strategies, including implementing sign-on bonuses, higher wages, remote work, enhanced benefits, and other measures to make jobs more attractive, Missouri employers still have multiple jobs that are going unfilled.
Missouri private employers paid an average $29.80 per hour to employees working an average 33.5 hours per week as of the end of December.