by Richard L. Rainey
North Carolina’s law overhauling the state’s unemployment system will take effect July 1, bringing about a small tax increase for many employers and a reduced maximum weekly benefit amount for claimants. It also will change the circumstances in which a claimant is disqualified from benefits.
During the economic recession, the state borrowed more than $2.5 billion from the federal government to cover unemployment payments. The North Carolina General Assembly enacted the new law to pay back the loan as quickly as possible.