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Using Unemployment Compensation Information to Understand your Local Economy May 4, 2011

Using Unemployment Compensation Information to Understand your Local Economy May 4, 2011. Kirk Basehore The Center for Workforce Information & Analysis. UC System Overview. UC objectives Provide temporary and partial wage replacement to involuntarily unemployed workers

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Using Unemployment Compensation Information to Understand your Local Economy May 4, 2011

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  1. Using Unemployment Compensation Information to Understand your Local EconomyMay 4, 2011 Kirk Basehore The Center for Workforce Information & Analysis

  2. UC System Overview • UC objectives • Provide temporary and partial wage replacement to involuntarily unemployed workers • Help stabilize the economy during recessions • Program administration • U.S. Department of Labor oversees the system • Each state administers its own program

  3. UC System Overview • Covers 92% of all employment in PA • 993,000 individuals received UC in 2010 • Compared to 582,000 recipients in 2007 • 403,000 UC recipients at the end of March 2011 • Annual UC program information Actuarial Evaluation - 2009

  4. Key UC Data • Claims • Recipients by program • Exhaustees • Recipient demographics

  5. Claims • Initial claims • Claims to determine initial eligibility for UC • Continued claims • Biweekly requests for payment of UC benefits filed after the initial claim • Uses • Leading labor market indicator – available weekly • State unemployment statistics • Data sources • Weekly: U.S. Department of Labor Website • Monthly: CWIA Fast Facts USDOL - Weekly Claims Data Fast Facts - April 2011 Edition

  6. Recipients by Program • Regular UC • Up to 26 weeks of state-funded benefits • Emergency UC (EUC) • Up to 53 weeks through 4 separate tiers • Extended Benefits (EB) • Up to 13 or 20 weeks of benefits depending on unemployment rate • Average UC duration in 2010 • Reg UC + EUC + EB: 43 weeks • Reg UC only: 20 weeks (vs. 16 weeks in 2007)

  7. Recipients by Programs Fast Facts - April 2011 Edition

  8. UC Exhaustees in 2010 Mostly ‘Reach-back’ Claimants Jan-Apr TOTAL EXHAUSTEESIN 2010: 86,000

  9. UC Programs Ending in 2011 • April 2 - EUC Tier 4 (last 6 weeks of EUC) • Max UC duration = 93 weeks • June 11 - EB • Max UC duration = 73 weeks • December 31 - EUC Tiers 1 through 3 • Max UC duration (new claimants) = 26 weeks

  10. Exhaustee Projections - 2011 EB triggers off June 11 (projected) EUC phase-out Dec 31

  11. Exhaustees by County • Cumulative counts since January 2010 • Projections for 2011 • Industry breakouts Fast Facts - April 2011 Edition

  12. UC Recipient Demographics PA Profile Reemployment Program (PREP) • UC profiling model used for referring claimants to reemployment services • Model determines exhaustion probability scores based on: • Industry, job tenure, education, weekly benefit rate • Gender, race, age, education, industry • Gender, race, age, education, industry Profile of Pennsylvania's Unemployed

  13. Questions?

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