Proposed tiers of extended benefits and economic benchmarks that trigger on or off additional extended benefits
Tier of extended benefits | Potential benefit duration in tier | Benchmarks that trigger on tier of benefits | Benchmarks that trigger off tier of benefits (fall in unemployment must be accompanied by rise in share of prime-age adults with a job) |
---|---|---|---|
1 | 30 weeks | Unemployment rate is less than 5% or less than 1.2 times the previous minimum | Unemployment rate falls below 5% or is less than 1.2 times the previous minimum, AND prime-age EPOP has improved by 0.2 percentage points (ppt.) over past three months*** |
2 | 33 weeks | Unemployment rate reaches 5% or 1.3 times previous minimum | Unemployment rate reaches 5% or 1.3 times previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
3 | 46 weeks | Unemployment rate reaches 6% or 1.6 times initial previous minimum | Unemployment rate reaches 6% or 1.6 times initial previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
4 | 59 weeks | Unemployment rate reaches 7% or 2 times initial previous minimum | Unemployment rate reaches 7% or 2 times initial previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
5 | 72 weeks | Unemployment rate reaches 8% or 2.4 times initial previous minimum | Unemployment rate reaches 8% or 2.4 times initial previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
6 | 85 weeks | Unemployment rate reaches 9% or 2.8 times initial previous minimum | Unemployment rate reaches 9% or 2.8 times initial previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
7 | 98 weeks | Unemployment rate reaches 10% or 3.2 times initial previous minimum | Unemployment rate reaches 10% or 3.2 times initial previous minimum, AND prime-age EPOP has improved by 0.2 ppt. over past three months |
Note: The tier of potential benefit duration kicks in when the national or state unemployment rate (calculated as a three-month moving average) reaches the rate shown OR the comparative level shown. The comparative level is calculated as a ratio of the three-month moving average unemployment rate to the lowest unemployment rate achieved during the 12 months prior to the first calculation triggering on tier 1. For the first potential bump up to tier 1, the last month of the three-month moving average is also the last month of the 12-month comparison period. EPOP stands for employment-to-population ratio. The potential change in prime-age EPOP is calculated by comparing the current three-month period (which ends with the month when the PBD is set to fall under the employment rate criterion) with the prior three-month period.