Fiscal Data for State Unemployment Insurance Systems 2008-2017

//Fiscal Data for State Unemployment Insurance Systems 2008-2017

Fiscal Data for State Unemployment Insurance Systems 2008-2017

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Description

The National Foundation publishes this Bulletin as an annual “report card” on the financial condition and related performance indicators for state unemployment insurance (UI) programs. This issue of the Bulletin analyzes the fiscal status and solvency of state unemployment insurance systems from 2008 to 2017, although unemployment data is also provided for 2018.

This edition of the Bulletin unfortunately does not include a measure of socialized costs. Those costs for many years were reflected in an Experience Rating Index (ERI) developed by the Department of Labor (DOL). DOL replaced the ERI in 2015 with a new and more accurate measure of socialized costs, the One Year Marginal Tax Cost of Additional Layoffs. DOL
discontinued that measure because DOL decided it was too confusing. DOL hopes to publish a simpler version of the measure next year.

The data for the Bulletin are provided by DOL and state UI agencies. Data continue to indicate
that the economy is continuing to recover from the 2008-2009 recession.

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