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Arkansas Employment Security Department
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Review of Unemployment Insurance Financial Data
| REVIEW OF UNEMPLOYMENT INSURANCE FINANCIAL DATA | |||||||||||||||||||||||||
| Amount of Wages | Insured | Reserve | Reserve Ratio | Cost Rate | |||||||||||||||||||||
| Average | In Covered Employment | Average | Unemploy- | Fund | Reserve Fund | Benefits Paid | Average | ||||||||||||||||||
| Monthly | Weekly | ment | Total | Total | Only | as a Percent | as a Percent | Average | Duration | ||||||||||||||||
| Number | Covered | Wage in | to | Additions | Outlays | Total | of: | of: | Weekly | Persons | of Benefits | ||||||||||||||
| Covered | Employers | Covered | Average | Covered | to the | from the | Reserve | Amount | Receiving | Number of | Percentage | in Weeks | |||||||||||||
| Workers | as of | Total | Taxable | Employ- | Tax | Employ- | Trust Fund* | Trust Fund | Fund | Total | Taxable | Total | Taxable | for Total** | One or More | Claimants | of Claimants | Regular | |||||||
| Year | (000's) | Dec. 31 | (000's) | (000's) | ment | Rate | ment | (000's) | (000's) | (000's) | Wages | Wages | Wages | Wages | Unemployment | Payment*** | Exhausting | Exhausting | Program | Year | |||||
| 1945 | 191.3 | 19,044 | $ 314,525 | $ 297,510 | $ 31.63 | 2.00% | 2.3% | $ 6,737 | $ 1,126 | $ 30,522 | 9.7% | 10.3% | 0.4% | 0.4% | $ 13.24 | 4,884 | 3,635 | 74.4% | 6.8 | 1945 | |||||
| 1946 | 197.0 | 22,258 | $ 322,458 | $ 299,911 | $ 31.47 | 1.71% | 7.0% | $ 5,471 | $ 3,874 | $ 32,119 | 10.0% | 10.7% | 1.2% | 1.3% | $ 12.61 | 37,865 | 23,593 | 62.3% | 8.6 | 1946 | |||||
| 1947 | 212.3 | 24,266 | $ 384,799 | $ 353,034 | $ 34.86 | 1.51% | 3.3% | $ 6,034 | $ 3,094 | $ 35,059 | 9.1% | 9.9% | 0.8% | 0.9% | $ 13.75 | 29,012 | 15,122 | 52.1% | 8.2 | 1947 | |||||
| 1948 | 219.6 | 25,370 | $ 437,483 | $ 394,178 | $ 38.32 | 1.57% | 2.9% | $ 6,715 | $ 3,318 | $ 38,456 | 8.8% | 9.8% | 0.8% | 0.8% | $ 15.97 | 26,217 | 11,035 | 42.1% | 8.3 | 1948 | |||||
| 1949 | 213.6 | 25,589 | $ 441,011 | $ 395,212 | $ 39.70 | 1.21% | 5.6% | $ 6,148 | $ 6,653 | $ 37,951 | 8.6% | 9.6% | 1.5% | 1.7% | $ 16.57 | 44,184 | 20,572 | 46.6% | 8.7 | 1949 | |||||
| 1950 | 223.2 | 26,775 | $ 483,934 | $ 428,710 | $ 41.70 | 1.32% | 5.6% | $ 5,953 | $ 7,344 | $ 36,560 | 7.6% | 8.5% | 1.5% | 1.7% | $ 16.50 | 45,988 | 18,157 | 39.5% | 11.0 | 1950 | |||||
| 1951 | 239.9 | 27,380 | $ 565,415 | $ 493,467 | $ 45.32 | 1.57% | 3.2% | $ 8,250 | $ 4,484 | $ 40,326 | 7.1% | 8.2% | 0.8% | 0.9% | $ 16.87 | 30,649 | 8,354 | 27.3% | 8.4 | 1951 | |||||
| 1952 | 242.3 | 27,784 | $ 615,533 | $ 523,686 | $ 48.85 | 1.52% | 3.8% | $ 9,085 | $ 5,707 | $ 43,704 | 7.1% | 8.3% | 0.9% | 1.1% | $ 17.51 | 37,011 | 10,438 | 28.2% | 9.4 | 1952 | |||||
| 1953 | 238.4 | 27,867 | $ 628,930 | $ 525,641 | $ 50.74 | 1.32% | 4.1% | $ 8,386 | $ 6,014 | $ 46,076 | 7.3% | 8.8% | 1.0% | 1.1% | $ 18.14 | 34,713 | 10,848 | 31.3% | 9.3 | 1953 | |||||
| 1954 | 230.2 | 28,446 | $ 618,616 | $ 509,380 | $ 51.68 | 1.19% | 7.0% | $ 7,297 | $ 9,201 | $ 44,172 | 7.1% | 8.7% | 1.5% | 1.8% | $ 18.25 | 49,541 | 19,337 | 39.0% | 10.7 | 1954 | |||||
| 1955 | 239.2 | 29,253 | $ 659,720 | $ 535,248 | $ 53.05 | 1.15% | 4.9% | $ 7,256 | $ 6,494 | $ 44,934 | 6.8% | 8.4% | 1.0% | 1.2% | $ 17.98 | 38,527 | 13,629 | 35.5% | 10.2 | 1955 | |||||
| 1956 | 248.2 | 30,334 | $ 713,485 | $ 570,800 | $ 55.27 | 1.15% | 4.5% | $ 7,873 | $ 6,795 | $ 46,012 | 6.4% | 8.1% | 1.0% | 1.2% | $ 19.32 | 34,878 | 11,250 | 32.3% | 9.9 | 1956 | |||||
| 1957 | 248.7 | 30,527 | $ 747,534 | $ 583,519 | $ 57.81 | 1.14% | 6.0% | $ 8,282 | $ 9,567 | $ 44,727 | 6.0% | 7.7% | 1.3% | 1.6% | $ 19.80 | 44,835 | 16,028 | 35.7% | 10.6 | 1957 | |||||
| 1958 | 248.7 | 31,481 | $ 769,277 | $ 590,969 | $ 59.47 | 1.17% | 8.0% | $ 8,235 | $ 12,988 | $ 39,974 | 5.2% | 6.8% | 1.7% | 2.2% | $ 20.79 | 56,179 | 23,439 | 41.7% | 11.6 | 1958 | |||||
| 1959 | 264.7 | 32,546 | $ 854,553 | $ 643,689 | $ 62.09 | 1.29% | 5.3% | $ 8,583 | $ 9,152 | $ 39,405 | 4.6% | 6.1% | 1.1% | 1.4% | $ 20.74 | 41,738 | 15,500 | 37.1% | 10.7 | 1959 | |||||
| 1960 | 271.9 | 32,877 | $ 900,073 | $ 670,082 | $ 63.67 | 1.29% | 6.1% | $ 9,899 | $ 12,542 | $ 36,762 | 4.1% | 5.5% | 1.4% | 1.9% | $ 22.32 | 46,210 | 13,119 | 28.4% | 11.4 | 1960 | |||||
| 1961 | 277.9 | 33,422 | $ 952,407 | $ 701,713 | $ 65.91 | 1.37% | 7.4% | $ 10,503 | $ 16,046 | $ 31,219 | 3.3% | 4.4% | 1.7% | 2.3% | $ 22.56 | 58,681 | 19,006 | 32.4% | 13.0 | 1961 | |||||
| 1962 | 295.5 | 34,139 | $ 1,059,350 | $ 763,532 | $ 68.93 | 1.43% | 5.6% | $ 12,027 | $ 12,751 | $ 30,495 | 2.9% | 4.0% | 1.2% | 1.7% | $ 22.72 | 50,388 | 14,140 | 28.1% | 11.6 | 1962 | |||||
| 1963 | 312.1 | 35,194 | |||||||||||||||||||||||