| |||||||||
August 2, 2008Analysis of UI Benefits in Ohio |
||||||||||||||||||||||||||||
|
From Urban Institute: This report examines benefit payments in Ohio's unemployment insurance (UI) program. The report compares average recipiency rates and replacement rates with national averages over the past four decades. The report identifies four areas where access to benefits could be broadened: reduced base period earnings requirements, enhanced eligibility for part-time workers, establishment of worksharing and establishment of self-employment assistance. Benefit payments in Ohio's UI program are strongly influenced by the performance of the state's economy. The Ohio economy in 2008 is likely to operate with an unemployment rate (TUR or total unemployment rate) that is some 0.8-1.0 percentage points higher than the national average. To help place recent economic performance into a broader perspective, Table 1 summarizes developments in three important indicators over the past 40 years: the overall unemployment rate (TUR), total employment of UI taxable covered employers and the average weekly wage in covered employment. Over the full 40 year period, Ohio's unemployment rate averaged 6.32 percent compared to the national average of 5.97 percent for a ratio of 1.06. For the full period, taxable employment averaged 4.6 percent of the national average and the weekly wage was 0.979 of the national average.
|
| |||||||||||||||||||||||||||
