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Unemployment Compensation and Trade Adjustment Assistance for Workers: CBO's Baseline and Estimates of the President's 2013 Budget 1 (March 2012)

handle is hein.congrec/cbo10685 and id is 1 raw text is: Unemployment Compensation and Trade Adjustment Assistance for Workers CBO March 2012 Baseline and the President's FY 2013 Budget (By fiscal year, in millions of dollars) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 CBO's March 2012 Baseline Unemployment Compensation Regular Benefits 48,230 52,975 55,500 50,660 46,995 45,245 46,925 49,170 52,315 55,490 56,685 Emergency Benefits 45,335 9,985 0 0 0 0 0 0 0 0 0 Extended Benefits 5,410 690 1,300 390 190 210 45 45 45 45 45 Total Benefits 98,975 63,650 56,800 51,050 47,185 45,455 46,970 49,215 52,360 55,535 56,730 Trade Adjustment Assistance for Workersa 826 1,051 1,193 1,099 980 964 979 993 1,008 1,023 1,038 Memo: Detail for Regular Unemployment Compensation First Payments (millions of people) 9.8 10.7 11.2 10.9 9.7 9.0 9.1 9.1 9.3 9.6 9.4 Average Weekly Benefit $286 $292 $300 $311 $322 $334 $345 $358 $372 $385 $399 Average Duration (weeks) 17.2 17.0 16.5 15.0 15.0 15.0 15.0 15.0 15.1 15.1 15.1 Labor Force (millions of people) 154.8 156.2 157.1 158.8 160.5 162.0 163.3 164.4 165.6 166.6 167.7 Unemployment Rate 8.8% 9.0% 9.0% 7.8% 6.5% 5.8% 5.5% 5.5% 5.4% 5.4% 5.3% CBO's Reestimate of the President's FY 2013 Budgetb Direct Spending Eliminate TAAa 0 0 -244 -640 -876 -954 -979 -993 -1,008 -1,023 -1,038 Dislocated Worker Programa 0 0 710 2,654 4,604 5,444 5,522 5,530 5,685 5,936 6,184 Forgive 2 Years of State Interest 1,303 977 0 0 0 0 0 0 0 0 0 Revenues Make UI FUTA Surtax Permanent 0 1,002 1,408 1,445 1,485 1,518 1,541 1,560 1,577 1,593 1,610 Expand FUTA Base 0 -3,439 -5,065 4,676 12,843 11,718 3,210 -1,557 2,741 2,490 2,940 Notes: TAA = Trade Adjustment Assistance; UI = unemployment insurance; FUTA = Federal Unemployment Tax Act. a. Includes training and cash benefits. b. For outlays, a positive number denotes an increase in outlays. For revenues, a positive number denotes an increase in revenues.

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