NC S420

Clarifies that the Unemployment Insurance Fund must be used solely for payment of unemployment compensation and refunds of erroneously paid amounts, excluding administrative expenses.

Sets the contribution rate for beginning employers at one percent (1%) until their account has been chargeable with benefits for at least 12 calendar months.

Allows individuals with prior disqualifications to have them removed by filing valid claims based on subsequent employment with a bona fide employer.

Permits individuals attending Division-approved training programs to receive benefits without being denied for failure to meet work availability, active job search, or work refusal requirements.

Establishes the Labor and Economic Analysis Division (LEAD) to develop and maintain a common follow-up information management system for tracking performance of state job training, education, and placement programs.