Some New Hampshire lawmakers are proposing significant increases in unemployment insurance and workers’ compensation payouts. These programs rely entirely on employer funding.
House Bill 542 seeks to raise the maximum weekly unemployment payout from $427 to $669, a 57% increase. This change may lead to higher unemployment insurance taxes, which could escalate during a recession.
House File 744 proposes increasing the payout for certain workers’ compensation claims from 60% to 66 2/3%, resulting in an 11% increase. Testimonies indicate this would cause premium increases between 5% and 10%.
An action has been initiated to oppose these proposals, arguing they could lead to elevated costs for small businesses and prolong workforce absences.
Concerns are raised regarding the impact on the workforce, given the existing near two-to-one ratio of job openings to unemployed individuals in New Hampshire.
The New Hampshire House Labor Committee has advised against these bills, yet they remain tabled on the House Floor, allowing for potential reconsideration.
