This issue of the Bulletin analyzes the fiscal status and solvency of state unemployment insurance systems from 2011 – 2020.
Fiscal Data for State Unemployment Insurance Systems 2011-2020 (PDF Download)
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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. The data for the Bulletin are provided by DOL and state UI agencies.
This issue of the Bulletin analyzes the fiscal status and solvency of state UI systems from 2011 –2020. Some data is also provided for 2021, including how the COVID – 19 pandemic is still substantially impacting the economy and the UI system. That impact includes causing the economy to contract by a record 33% in the second quarter of 2020. It also includes a flurry of federal and state bills, laws, and regulations, all of which UWC and the National Foundation are following and analyzing.
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 they decided it was too confusing. DOL hopes to publish a simpler version of the measure in the near future.
