04-1. Employment Security Commission Jan 2010

8/14/2019 04-1. Employment Security Commission Jan 2010

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Employment, Economic and

Trust Fund Trends

Joint Legislative Commission on Governmental Operations

January 19, 2010

Employment Security Commission of North Carolina

Moses Carey, Jr., Chairman


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National Situation

Between December 2007 and November 2009

Decrease of 7.2 million (5.2%) Nonfarm Jobs

3.7 million Goods Producing 2.1 million - Manufacturing

1.6 million Construction

3.4 million Service Providing 1.7 million - Trade Transportation & Utilities

940,200 - Retail Trade 1.3 million - Professional & Business Services

854,400 - Employment Services

.6 million Financial Activities


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U.S. Nonfarm Employment

January 2007-November 2009(Seasonally Adjusted, in thousands)

120,000

122,500

125,000

127,500

130,000

132,500

135,000

137,500

140,000

Jan-07

Mar-07

May-0

7Jul-0

7

Sep-07

Nov-07

Jan-08

Mar-08

May-0

8Jul-0

8

Sep-08

Nov-08

Jan-09

Mar-09

May-0

9Jul-0

9

Sep-09

Nov-09

National Employment

National recession began

December 2007

138,152

130,996


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128,000

129,000

130,000

131,000

132,000

133,000

134,000

135,000

136,000

137,000

Nov-

08

Dec-

08

Jan-

09

Feb-

09

Mar-

09

Apr-

09

May-

09

Jun-

09

Jul-

09

Aug-

09

Sep-

09

Oct-

09

Nov-

09

National Employment(Seasonally Adjusted, in thousands)

130,996

135,755

November 2009 data are preliminary, all other 2009 data are revised and all 2008 data are benchmarked.


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US Labor Force

XXX5.110.04.9Unemployment Rate

103.9%7,834,00015,375,0007,541,000Unemployment

-5.3%-7,792,000138,502,000146,294,000Employment

0.0%41,000153,877,000153,836,000Labor Force

PercentChange

NetChange

November2009P

December2007B

United States Labor ForceDecember 2007November 2009

(Seasonally Adjusted)


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National Situation As of November, 2009

7.8 million more individuals unemployed in theUnited States than there were in December 2007

Lost 7.2 million jobs

Need to add 120,000 net jobs a month for the next 60

months to reach December 2007 employment levels


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North Carolina Situation Between December 2007 and November 2009

Decrease of 252,000 (6.0%) total Nonfarm jobs 159,600 Goods Producing

94,900 - Manufacturing

64,200 - Construction 92,400 Service Providing

61,500 - Trade, Transportation & Utilities

39,900 - Professional & Business Services 12,100 - Financial Activities

14,700 Leisure & Hospitality


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North Carolina EmploymentNonfarm EmploymentJanuary 2007-November 2009

(Seasonally Adjusted, in thousands)

3,500

3,600

3,700

3,800

3,900

4,000

4,100

4,200

4,300

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Jan-08

Feb-08

Mar-08

Apr-08

May-08

Jun-08

Jul-08

Aug-08

Sep-08

Oct-08

Nov-08

Dec-08

Jan-09

Feb-09

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

National recession began

December 2007

3,920,000

4,172,000


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-12.0%-29.6216.4246.0Nondurable Goods

-22.7%-65.3221.8287.1Durable Goods

-17.8%-94.9438.2533.1Manufacturing

-25.4%-64.2188.7252.9Construction

-7.2%-0.56.46.9Natural Resources & Mining-2.7%-92.43,286.73,379.1Service Providing

-20.1%-159.6633.3792.9Goods Producing

-6.0%-252.03,920.04,172.0Total Nonfarm

Percent

Change

Net

Change

November

2009P

December

2007BIndustry

North Carolina Industry EmploymentDecember 2007November 2009(Seasonally Adjusted, in thousands)


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PercentChange

NetChange

November2009P

December2007B

Industry

7.7%33.2466.9433.7Local

0.3%0.5197.8197.3State

6.4%4.167.963.8Federal

5.4%37.8732.6694.8Government

-6.0%-10.8169.5180.3Other Services

-2.5%-8.5337.9346.4Accommodation & Food Services

-11.8%-6.246.552.7Arts, Entertainment & Recreation-3.7%-14.7384.4399.1Leisure and Hospitality Services

1.9%8.6464.6456.0Health Care & Social Services

8.0%6.283.377.1Educational Services

2.8%14.8547.9533.1Education & Health Services

-14.3%-35.0209.6244.6Administrative & Waste Management

0.3%0.275.074.8Management of Companies

-2.7%-5.1182.7187.8Professional, Scientific & Technical

-7.9%-39.9467.3507.2Professional & Business Services

-7.9%-4.350.054.3Real Estate & Rental Leasing

-4.9%-7.8150.0157.8Finance & Insurance

-5.7%-12.1200.0212.1Financial Activities

-8.3%-6.066.372.3Information

-14.2%-18.2110128.2Transportation, Warehousing & Utilities

-6.9%-32.3436.9469.2Retail Trade

-6.0%-11.0171.8182.8Wholesale Trade

-7.9%-61.5718.7780.2Trade, Transportation & Utilities


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North Carolina Labor Force

XXX5.810.85.0Unemployment Rate

115.9%261,736487,631225,895Unemployment

-5.9%-252,5144,047,1614,299,675Employment

0.2%9,2224,534,7924,525,570Labor Force

PercentChange

NetChange

November2009P

December2007B

North Carolina Labor ForceDecember 2007November 2009

(Seasonally Adjusted)


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North Carolina Situation

As of November, 2009

261,736 more individuals unemployed in NorthCarolina than there were in December 2007

Lost 252,000 jobs

Need to add 4,200 net jobs a month for the next 60

months to reach December 2007 employment levels


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United States/North Carolina Unemployment Rates

November 2008-November 2009

7.

5

8.

1

9.

7

10.

7

10.

8

10.

711.1

11.

0

10.

9

10.

8

10.

8

10.

9

10.

8

10.

2

10.

0

9.

8

9.

7

9.

49.

5

9.

4

8.

9

8.

5

8.

1

7.

6

7.

2

6.

8

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

Nov.

2008

Dec.

2008

Jan.

2009

Feb.

2009

Mar.

2009

Apr.

2009

May

2009

Jun.

2009

Jul.

2009

Aug.

2009

Sep.

2009

Oct.

2009

Nov.

2009

November 2009 data are preliminary, other 2009 data are revised and 2008 data are benchmarked.

North Carolina United States


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States With the Highest

Unemployment Rates, November 2009(Seasonally Adjusted)

Labor Force Unemployed Unemployment RateMichigan 4,845.7 712.6 14.7Rhode Island 570.6 72.4 12.7South Carolina 2,173.1 266.3 12.3Nevada 1,378.3 169.3 12.3California 18,320.8 2,253.8 12.3Florida 9,202.0 1,056.0 11.5Oregon 1,954.2 216.3 11.1Illinois 6,648.0 723.1 10.9North Carolina 4,534.8 487.6 10.8Kentucky 2,064.3 218.7 10.6Ohio 5,906.5 623.2 10.6 Alabama 2,065.2 217.4 10.

Tennessee 2,984.6 306.0 10.3

Georgia 4,720.8 480.3 10.2

United States 153,877.0 15,375.0 10.0


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Impact of the Economic Conditions on

Employment Security Commission

As the state experienced economic recession citizens

turned to the Employment Security Commission for

assistance.

Increased numbers of customers to ESC Local Offices Increased Claims for Unemployment Insurance Benefits

Pressures on the Unemployment Insurance System


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Employment Services

Registered Applicants

803,004843,477

995,235

800,241

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

July, 2006-June, 2007 July, 2007-June, 2008 July, 2008-June, 2009 July, 2009-December, 2009


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ESC Services Employment and Workforce Related Services

to North Carolinas Citizens and Employers

Labor Market Information

Unemployment Insurance

Employment Services

Job Referral and Placement Assistance Re-employment Services

Career Counseling

Resume Preparation AssistanceAssessment and Testing

Referral to Training Services

Referral to Supportive ServicesTrade Adjustment Assistance (TAA and ATAA)


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ESC Services Employers

Dislocated Workers

Veterans

Agricultural Workers

Older Workers

Disabled Workers

Youth

Ex-Offenders


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Unemployment Insurance

Compensation Programs

Unemployment Insurance 26 weeks

Extended Benefits 20 weeks

Extended Unemployment CompensationTier I (EUC Tier I) 20 weeks

Extended Unemployment Compensation

Tier II (EUC Tier II) 13 weeks

Federal Additional Compensation


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Newest Extension

Added 1 additional week to EUC Tier II

Extended Unemployment CompensationTier III (EUC Tier III) 13 weeks

Extended Unemployment CompensationTier IV (EUC Tier IV) 6 weeks

Individuals may be eligible for up to 99weeks of UI benefits


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UI Trust Fund Update


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North Carolina Trust Fund Monetary FlowNC Trust Fund Monetary Flow


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NorthCarolinaTrustFundMonetaryFlowJanuary2009December2009

Trust FundInterest

$690,193.91

Employer Contributions$803,152,000.00

FederalLoans

$1,606,137,783.13

StateReserve Fund

$127,287,000.00

TrustFund Total Benefits Paid

$4,864,782,497.00

NCTrustFundMonetaryFlowJanuary2009December2009

Federal Benefits

$2,137,424,740.48


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Regular UI Claims and Exhaustions

UI B fit P id


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UI Benefits Paid


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Moses Carey, Jr.Chairman

[email protected]

919.733.7546

David L. Clegg

Deputy Chairman & Chief Operating [email protected]

919.733.4636

P.O. Box 25903

Raleigh, NC 27611-5903

Documents

04-1. Employment Security Commission Jan 2010