Here's another bit of news on the government side.We've really got these matters on the brain here at the Chamber - but what can we say, our Legislative Preview takes place tonight! I hope you'll make it out. The following is a press release from the Indiana Department of Workforce Development.
The Indiana Department of Workforce Development (DWD) has officially notified the U.S. Department of Labor that Indiana has automatically "triggered off" State Extended Benefits.
This program, which provided up to 20 weeks of benefits to Hoosiers, automatically activates and deactivates based on certain economic indicators. House Enrolled Act 1379 temporarily changed Indiana's indicator to a three-month average Total Unemployment Rate of six percent or higher, while the federal government paid 100% of the costs of extended benefits. Typically, Indiana's Extended Benefits program is triggered when the 13-week average Insured Unemployment Rate exceeds five percent. The Insured Unemployment Rate measures the percent of Hoosiers receiving state unemployment from the entire pool of workers covered by the unemployment insurance system.
Since 100% federal funding of state extended benefits has lapsed, Indiana has reverted back to its traditional trigger and is now triggered off. Indiana's current 13-week average Insured Unemployment Rate is 3.28 percent. Absent HEA 1379 changing Indiana's trigger indicator, State Extended Benefits would have automatically deactivated on July 26, 2009.
Indiana does not have any Hoosiers collecting state extended benefits. All Extended Benefit recipients were moved in November to the newly enacted federal unemployment extensions. Claimants who had benefits remaining on Extended Benefits will not be able to collect them. All Extended Benefit payments immediately end when the program terminates.
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