The Wisconsin Governor’s office recently announced initial Unemployment Insurance (UI) claims are the lowest they’ve been since 1989- and employers covered under the UI program will experience an estimated $38 million reduction in their UI taxes for 2017. This will mark the second consecutive tax year employer UI taxes have declined in Wisconsin. When combined with the $97 million reduction for tax year 2016, employers will see an estimated reduction of $135 million.
With the reduced UI tax burden, Wisconsin businesses can focus on retaining their current employees and attracting new workers. This is great news for taxpayers, job creators, and working families.