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Iowa Workforce Development October 13, 2009. Civilian Labor Force and Unemployment Rate by Gender Source: Current Population Survey 2008 Annual Averages.

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Presentation on theme: "Iowa Workforce Development October 13, 2009. Civilian Labor Force and Unemployment Rate by Gender Source: Current Population Survey 2008 Annual Averages."— Presentation transcript:

1 Iowa Workforce Development October 13, 2009

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4 Civilian Labor Force and Unemployment Rate by Gender Source: Current Population Survey 2008 Annual Averages (Preliminary) WomenMen

5 Iowa’s Unemployment Statistics Unemployment Rate by Minority Group Source: Current Population Survey 2008 Annual Averages (Preliminary)

6 Unemployment Insurance Claims & Benefits TYPE2 nd Quarter 20082 nd Quarter 2009 Initial/Additional Claims 54,81696,228 Continued Claims315,631657,386 Benefits Paid$87,569,293$210,341,184

7 Unemployment Insurance Claims & Benefits TYPE3 rd Quarter 20083 rd Quarter 2009 Initial/Additional Claims 54,53094,158 Continued Claims298,250603,297 Benefits Paid$76,584,458$189,401,059

8 Unemployment Insurance Claims & Benefits ProgramCY 2007CY 2008 Regular UI$329,564,128.12$417,788,649.44 Trade Readjustment Act $5,517,203.09$3,829,627.92 Disaster Unemployment Assistance $9,536.00$6,626,897.47 Extended Unemployment Compensation 2008 $0.00$54,533,775.33 TOTAL BENEFITS PAID $340,107,869.20$487,576,169.40

9 Unemployment Insurance Claims & Benefits

10 Polk County Total UI Benefits Paid RegularEmergencyEconomicTotal Unemployment StimulusBenefits Month Insurance ¹CompensationPayments ²Paid 2008 July4,435,496439,96004,875,456 August3,565,0451,936,64405,501,689 September3,699,1211,583,18205,282,303 Quarter 311,699,6623,959,786015,659,448 October4,608,9501,438,73706,047,687 November4,025,873927,93004,953,803 December7,933,5732,394,032010,327,605 Quarter 416,568,3964,760,699021,329,095 Year59,541,6998,720,485068,262,184 2009 January8,994,2572,196,399011,190,656 February9,862,1501,712,022011,574,172 March9,993,3231,773,772951,47512,718,570 Quarter 128,849,7305,682,193951,47535,483,398 April10,771,7043,584,1771,184,97515,540,856 May8,327,7903,439,423978,97512,746,188 June8,173,4933,622,513976,37512,772,381 Quarter 227,272,98710,646,1133,140,32541,059,425 Total84,390,77525,048,7914,091,800113,531,366 ¹ Includes regular UI and unemployment compensation for federal employees and military. ² Estimated based on number of weeks compensated times $25.

11 How Does Education Pay Off for Iowa? Working-age residents with college degrees are 33% more likely to participate in the workforce than those with less than a high school diploma. Their earnings over a lifetime are almost twice as much – a substantial personal benefit as well as a benefit to the state with respect to more taxable resources, fewer health problems, lower rates of crime, and greater levels of civic engagement.

12 Labor Force Participation by Educational Attainment in Iowa, 2009

13 The Challenge: Iowa’s Working-Age Adults (18-64) with No College Degree Of 1,832,192 Working-Age Adults......1,202,127 have not completed college (associate’s degrees or higher) 65.6% of all working-age adult in Iowa

14 Of 1,007,705 Working-Age Adults with No College Degree.. 183,219have not completed high school (or equivalent) 567,980have a high school diploma but have NOT entered college 256,507have completed some college 28,497speak little or no English 242,916live in families with combined incomes less than a living wage (twice the level of poverty)

15 IWD’s Skills Upgrade Project Before the Recession, IWD projected that Iowa was going to be 150,000 skilled workers short Encouraging all Iowan’s – but especially unemployed Iowans – to consider “Up Skilling”

16 Skills Upgrade Project, cont’d Letter sent to 75,000 Iowans on Unemployment Insurance to consider additional training UI Modernization – extended UI benefits for Iowans in training Microsoft – Elevate America Digital Literacy and GED classes in our workforce centers

17 Questions & Contact Information Iowa Workforce Development Elisabeth Buck, Director 1000 E. Grand Avenue Des Moines, IA 50309 Elisabeth.Buck@iwd.iowa.gov


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