04-1. employment security commission jan 2010
TRANSCRIPT
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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
919.733.7546
David L. Clegg
Deputy Chairman & Chief Operating [email protected]
919.733.4636
P.O. Box 25903
Raleigh, NC 27611-5903