Unemployment Insurance Rates Decrease for Many Montana Businesses in 2016

For the first time since 2009, the Unemployment Insurance Contribution Rate Schedule will be set at its lowest level for Montana employers, saving employers money on their unemployment insurance taxes in 2016. On average, businesses that pay a wage at or above the taxable wage base ($30,500) will see a savings of $106.80 per employee.

“Montana’s economy is strong and we have more people working in our state than ever before,” said Gov. Steve Bullock. “Montana is the best state in the nation for entrepreneurs, this reduction means that these small businesses are able to keep more money in their pockets and focus those funds on growing their operation.”

Unemployment Insurance benefits reduce the burden of being out of work, maintain purchasing power in local communities, and allow laid off workers to stay in-state so they will be available for re-employment.