Briefing on Unemployment Insurance The Texas Jobs Picture at a Glance Briefing on Unemployment Insurance December 16, 2008 Don Baylor, Jr. Senior Policy.

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Presentation transcript:

Briefing on Unemployment Insurance The Texas Jobs Picture at a Glance Briefing on Unemployment Insurance December 16, 2008 Don Baylor, Jr. Senior Policy Analyst

Job Loss in the U.S. (Dec Nov. 2008) 1.9 Million U.S. Workers have lost jobs 3 Million New Unemployed Unemployment up to 6.7% –Underemployment rises to 12.5% Longer periods of joblessness Source: Bureau of Labor Statistics

Here’s the Good News Sources: Bureau of Labor Statistics; CPPP Analysis (State of Working Texas 2008)

Now the Bad News: Texas Unemployment Soars Recent job growth fueled by now-ailing sectors Largest Metro Areas See Biggest Spikes Economic Development $ at risk: –Skills Development Fund & Enterprise Fund Large rise in underemployment Sources: Texas Workforce Commission, CPPP Analysis.

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