The Labor provisions of the 2009 American Recovery and Reinvestment Plan include nearly $12.5 million for the Idaho Department of Labor’s unemployment insurance and employment services operations and a one-time $33 million Reed Act distribution for unemployment insurance modernization.
This funding has three primary goals:
- To address the needs of the record number of unemployed and underemployed in Idaho.
- To encourage businesses to hire workers.
- To replenish the Unemployment Insurance Trust Fund.
The following summarizes the various provisions and estimates the financial impact for each. In the case of extended or increased benefits, the infusion of that additional money into the economy will save hundreds of jobs and generate sales and income tax revenue.