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Texas Businesses To Pay More For Jobless Insurance

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American dollar bills. (Credit: Getty Images/Spencer Platt)

American dollar bills. (Credit: Getty Images/Spencer Platt)

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AUSTIN (AP) – Jobless insurance rates in Texas will increase by about $5 per worker in 2011 for companies paying the minimum state unemployment tax.

The Texas Workforce Commission says an employer paying the standard minimum tax will pay about $70.20 per employee next year. That compares to $64.80 in tax per employee during 2010.

The money is used for the Texas Unemployment Compensation Trust Fund. The fund provides unemployment insurance for Texas workers who lose their jobs through no fault of their own.

The commission announced the rate Tuesday.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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