Show Unemployment Rate For Employers increased For Year Utah Prosperity Blamed For Change average contribution rate paid by employers for unemployment insurance in Utah will go up in said Spencer C. Manager of the Vernal Employment Security office this This does not apply to all but the majority will pay the higher rates which will be effective on the first quarter pay rolls in The increase in rates results from legislation enacted in 1951 by which the rate schedule is set according to amounts in the reserve fund for unemployment benefits and the potential liability to tiie fund measured by subject wages for the previous Heiner stated that this reserve fund ratio had slipped since 1950 from of subject wages to in even though un- employment payments have been and more money has been collected for the fund- The reserve fund had grown from million in 1950 to million in but the fund ratio dropped below the 9 required 1 by the 1951 and so the rate must be boosted in order to restore i the fund to a ratio commensurate with potential increase in rates surprises many said the unemployment re- serve ratio has held so between nine and ten ner for the five years priori and consequently the iS has not g rat The rate increase was on Utah's unprecedented which caused upsurges' inS' jeet and reached a total last an of over 1955 whiS reserve fund went up y ton over Individual employers are notified of their new payroll am ranging from a Z of per cent of subject to a high of depending their employment |