“There’s no excuse for states to let 100 percent federally funded jobless support just die on the vine,” said Christine Owens, Executive Director of the National Employment Law Project. ”This is a no-brainer for states to help their workers, businesses and economies.”

The no-brainer Owens refers to is an unemployment insurance extension known as Extended Benefits approved by Congress and waiting to be used by states.

Oklahoma is one of 9 qualifying states – along with Arkansas, Iowa, Louisiana, Maryland, Mississippi, Montana, Utah and Wyoming —that has not taken advantage of the Extended Benefits provision that NELP estimates would provide 13 additional weeks of assistance for over 29,000 long-term unemployed Oklahomans and inject $101 million in federally-funded benefits to help support Oklahoma families and businesses. Read the rest of this entry »

Despite encouraging signs that an economic recovery is gaining strength, unemployment remains at stubbornly and unacceptably high levels. Nationally, the jobless rate in October stayed stuck at 9.6 percent, while the latest state unemployment numbers found that 121,800 Oklahomans, or 6.9 percent of the workforce, are out of work. While some workers have relatively short stints of unemployment between jobs, the magnitude of the job losses this recession and the slow pace of recent job creation have left a large segment of the unemployed population unable to find work for extended periods. According to the National Employment Law Project, the unemployed are experiencing record periods of joblessness: nearly 42 percent of the 15 million jobless workers are “long-term unemployed”—that is, out of work for six months or longer. With there being 4.6 unemployed workers for every available job, most of the unemployed continue to be without work through no fault of their own.

For many of these jobless workers and their families, weekly Unemployment Insurance (UI) benefits provide an essential safety net allowing them to recoup a portion of their lost income – about $290 per week on average – and  pay the bills without additional public support or a full-blown financial emergency. As in past national recessions, Congress has responded to high levels of unemployment by approving federally-funded extensions of UI benefits that go beyond the basic 26 weeks of state-funded benefits. Under the main temporary program of federal jobless benefits, called Emergency Unemployment Compensation (EUC),  qualified unemployed workers who are actively seeking work receive an additional 34 to 53 weeks of UI benefits, depending on the state’s unemployment rate. NELP reports that so far, in 2010 alone, nearly 9.5 million workers collected federally funded benefits, contributing an estimated $68 billion to the nation’s economy. Read the rest of this entry »

Our October edition of Numbers You Need is now out, providing a snapshot of economic and budget trends in Oklahoma through monthly data on jobs, inflation, public benefits, and state revenues, as well as the most recent quarterly data on building permits and an annual update on the poverty rate. Read the rest of this entry »