Unemployment Benefits: Solid, Though Cyclical, Funding
But Underfunded by $150B Over 49 Years Owing to -$115B* Deficits in 2010
USA Inc. Real Annual Unemployment Insurance Revenue & Expenses, F1962 – F2010
[Chart Y-Axis: Unemployment Insurance Revenue / Expenses ($B) ranging from -$180 to $70]
[Chart X-Axis: Years 1962, 1966, 1970, 1974, 1978, 1982, 1986, 1990, 1994, 1998, 2002, 2006, 2010]
Legend:
Unemployment Insurance Expenses
Unemployment Insurance Revenue
Unemployment Insurance Net Income
KPCB
www.kpcb.com
Note: USA federal fiscal year ends in September; *all data inflation-adjusted, based on 2005 dollars.
Source: White House Office of Management and Budget.
USA Inc. | Income Statement Drilldown 123
Unemployment Benefits: In the Past, Benefits Paid
Have High (70%) Correlation to Unemployment Rate
Real Unemployment Benefits & Unemployment Rates, 1962 – 2010
[Chart Left Y-Axis: Real Unemployment Benefits ($B) ranging from 0 to 180]
[Chart Right Y-Axis: Unemployment Rates (%) ranging from 0% to 12%]
[Chart X-Axis: Years 1962 to 2010]
Legend:
Real Unemployment Benefits
Unemployment Rate
KPCB
www.kpcb.com
Note: Fiscal year ends in September. Source: White House Office of Management & Budget, Bureau of Labor Statistics.
USA Inc. | Income Statement Drilldown 124
HOUSE_OVERSIGHT_020903
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