Colorado employers that laid off workers during the recession are facing steep hikes in their first-quarter unemployment-insurance taxes.
But about half of Colorado employers — those who didn't engage in layoffs — are seeing rates stay flat or even decline, according to the Colorado Department of Labor and Employment.
The average rate or premium that employers will pay on the first $10,000 of wages has risen from 1.77 percent in 2009 to 2.48 percent percent for 2010, the department estimates. Next year and beyond, however, employers across the board can expect heftier rates to replenish an insolvent state-unemployment insurance trust fund.
So companies doing poorly enough that they had to lay people off are now going to see higher unemployment insurance premiums, this sounds like a sure fire way to ensure that many of those companies will cease to exist.