Estimate of fiscal savings of states from unemployment insurance duration cutbacks
| State | Quarters of duration cut* | Total saved by cutting duration | Total taxable wages over period | Savings as percentage of state’s taxable wages | Covered workers at beginning of period of shortened duration | Estimated savings per covered worker per week | Average weekly UI benefit** |
|---|---|---|---|---|---|---|---|
| Arkansas | 8 | $7,279,000 | $23,184,313,000 | 0.031% | 1,121,000 | $0.06 | $289.17 |
| Florida | 6 | $97,779,000 | $70,529,079,000 | 0.139% | 7,096,000 | $0.18 | $231.82 |
| Georgia | 5 | $63,754,000 | $37,046,517,000 | 0.172% | 3,790,000 | $0.26 | $240.16 |
| Michigan | 7 | $243,658,000 | $47,300,496,000 | 0.515% | 3,901,000 | $0.69 | $291.79 |
| Missouri | 9 | $161,038,000 | $55,757,513,000 | 0.289% | 2,562,000 | $0.54 | $240.18 |
| South Carolina | 9 | $86,804,000 | $37,731,024,000 | 0.049% | 1,761,000 | $0.42 | $244.58 |
| Average weighted by duration and number of covered workers | $0.37 | $251.61 | |||||
*This column shows the number of calendar-year quarters that duration cut was in effect (through 2013).
**Average weekly benefit over the quarters of duration cut (throughout 2013).
Note: This analysis leaves out Illinois, whose reduction of benefits from 26 weeks to 25 in 2012 did not appear in U.S. Department of Labor data, and also North Carolina, whose law went into effect on July 1, 2013, too recent to be reflected in the data.
Source: Authors' analysis of data provided by Department of Labor staff and U.S. Department of Labor Unemployment Insurance Data Summary
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