Presentation is loading. Please wait.

Presentation is loading. Please wait.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency UI Overview and Forecasts Employment.

Published byFelix Sherman Modified over 9 years ago

Similar presentations

Presentation on theme: "The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency UI Overview and Forecasts Employment."— Presentation transcript:

1 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency UI Overview and Forecasts Employment Security Council October 8, 2014 David Schmidt Research & Analysis Bureau

2 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency National Perspective: Trending Toward Solvency 2

3 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency National Perspective: Trending Toward Solvency 3

4 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Trust Fund: Contribution Rates and Benefit Costs 4

5 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Trust Fund: Total Employers Costs 5

6 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Trust Fund: Rebuilding Trust Fund Reserves 6

7 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Trust Fund: Rebuilding Trust Fund Reserves 7

8 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Trust Fund: Benefit Cost Rate Trends 2014 8

9 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: Slowing Decline in Initial Claims 9

10 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: Stabilizing Benefit Eligibility 10

11 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: Rebounding Weekly Benefits 11

12 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: Declining Benefit Use 12

13 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: End of Federal Benefits 13

14 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2014 Trends: Stabilizing Benefit Payments 14

15 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Review of Forecast for 2014 15

16 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Review of Forecast for 2014 16

17 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Review of Forecast for 2014 17

18 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Historical Solvency Review 18

19 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: State Solvency Measure 19

20 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: AHCM Solvency Measure 20

21 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Potential 2015 Tax Rates 21

22 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Long Term Effect of Different Rates 22  Average time from end of one recession to start of the next during the last 50 years: 5.4 years (December 2014)  Longest time from end of one recession to start of the next during the last 50 years: 10 years (June 2019)

23 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Potential 2015 Rates vs. BCR 23

24 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency 2015 Forecast: Other Considerations  When will a future recession hit?  5.4 years = December 2014 (average recovery)  10 years = June 2019 (longest recovery)  National projections for a long, slow recovery.  National and International Economic Concerns  Federal Reserve Ending QE  Europe, China, South America  Middle East Instability and Oil Prices  Bringing Stability to Employers  1.95% average rate leaves Regular UI rates flat  2.00% average rate most closely matches 2014 24

Download ppt "The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency UI Overview and Forecasts Employment."

Similar presentations

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Whats New in the LMI World Nevadas Perspective.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Whats New in the LMI World Nevadas Perspective.
Scenario 15 Allow FUTA credit reduction in 2011 and 2012. Keep rates for classes 1-12 the same as under current plan. Give savings to 13-20 in the form.

Scenario 15 Allow FUTA credit reduction in 2011 and Keep rates for classes 1-12 the same as under current plan. Give savings to in the form.
Phases of the Business Cycle

Phases of the Business Cycle
Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Saint Xavier University Graham School of Management.

Economic Outlook William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Saint Xavier University Graham School of Management.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Labor Market: A Review and Outlook.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada’s Labor Market: A Review and Outlook.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing: September.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing: September.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Unemployment Insurance Financing Overview.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Unemployment Insurance Financing Overview.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency STATE OF NEVADA Department of Employment,

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency STATE OF NEVADA Department of Employment,
1 December 17, 2008 Economic and Fiscal Update. 2 Overview Review forecast in Economic and Fiscal Statement Changes since the Statement Implications for.

1 December 17, 2008 Economic and Fiscal Update. 2 Overview Review forecast in Economic and Fiscal Statement Changes since the Statement Implications for.
Our Mission The mission of the Employment Security Commission is to promote and sustain the economic well being of North Carolinians in the world marketplace.

Our Mission The mission of the Employment Security Commission is to promote and sustain the economic well being of North Carolinians in the world marketplace.
The Great Recession and Tennessee’s Revenue Outlook Bill Fox and Matt Murray UT’s Center for Business and Economic Research October 29, 2009.

The Great Recession and Tennessee’s Revenue Outlook Bill Fox and Matt Murray UT’s Center for Business and Economic Research October 29, 2009.
Unemployment Insurance By: Katie Miller Bell: 3. Created in 1935 in response to the Great Depression, when millions of people lost their jobs.

Unemployment Insurance By: Katie Miller Bell: 3. Created in 1935 in response to the Great Depression, when millions of people lost their jobs.
Commission on Unemployment Compensation Sam Lupica, Acting Commissioner August 14, 2014 Status of the Unemployment Trust Fund and Related Issues.

Commission on Unemployment Compensation Sam Lupica, Acting Commissioner August 14, 2014 Status of the Unemployment Trust Fund and Related Issues.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency STATE OF NEVADA Department of Employment,

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency STATE OF NEVADA Department of Employment,
Senate Committee on Economic Development Modernizing Texas’ Unemployment Insurance System Senate Committee on Economic Development March 30, 2009 Don Baylor,

Senate Committee on Economic Development Modernizing Texas’ Unemployment Insurance System Senate Committee on Economic Development March 30, 2009 Don Baylor,
House Select Committee on Federal Economic Stabilization Funding Modernizing Texas’ Unemployment Insurance System House Select Committee on Federal Economic.

House Select Committee on Federal Economic Stabilization Funding Modernizing Texas’ Unemployment Insurance System House Select Committee on Federal Economic.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing Department.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing Department.
Renee D. Laychur, CFA Senior Vice President & Senior Portfolio Mgr First National Bank.

Renee D. Laychur, CFA Senior Vice President & Senior Portfolio Mgr First National Bank.
The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing: May 2014.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing: May 2014.
WASHINGTON STATEECONOMIC AND REVENUE FORECAST COUNCIL Economic & Revenue Outlook Presented to Washington State National Institute of Government Procurement.

WASHINGTON STATEECONOMIC AND REVENUE FORECAST COUNCIL Economic & Revenue Outlook Presented to Washington State National Institute of Government Procurement.

Similar presentations

Ads by Google