Facts and Figures

Claims for Unemployment Insurance have decreased in each of the past four years in direct relation to Montana’s improving economy and falling Unemployment Rate. As a result, the trust fund balance is nearly back to pre-recession levels and the UI tax rate schedule has dropped three rates in the last two years. Improved integrity efforts are a major priority moving forward and include fraud detection efforts, overpayment collections and a refined focus on customer service for MT’s residents.

MT – Unemployment Rate (Seasonally Adjusted)

As of November 2013 As of November 2014
5.4% 4.3%

MT – Labor Market Information

  SFY 2013 SFY 2014
MT total labor force 508,576 527,336
Total employed 481,499 503,278

Unemployment Insurance Claims

  SFY 2013 SFY 2014
Number of claims filed 91,991 80,093
Number receiving benefits 45,260 37,132

UI – Weekly Benefit Amounts

  SFY 2013 SFY 2014 SFY 2015 SFY 2016
Average weekly benefit $282 $297 -- --
Minimum weekly benefit $127 $132 $134 $139
Maximum weekly benefit $446 $464 $471 $487

UI – Trust Fund

  SFY 2013 SFY 2014
Trust Fund Balance $177,979,502 $229,915,553
Contributions Paid $154,330,933 $151,065,218
Active Employer Accounts 37,046 37,788

UI – Tax Information

  CY 2013 CY 2014 CY 2015
Rate Schedule in effect 6 5 3
Taxable Wage Base $27,900 $29,000 $29,500

UI – Benefit Payments

  SFY 2013 SFY 2014
Regular UI (State UI Trust Fund) $138,764,667 $125,389,182
EUC * $40,784,937 $9,621,167
Benefit Payments all programs $179,549,604 $135,010,349

* Emergency Unemployment Compensation – Federally Funded program no longer in effect as of CY 2015.

UI – Overpayments (Fraud & Non-Fraud)

  SFY 2013 SFY 2014
Regular UI - Overpayments established 3.7% 3.1%
EUC - Overpayments established 5.3% 7.6%
Total Recovered – Regular UI & EUC $3,526,450 $3,124,145

- percentages reflect the amount of benefits paid which were established as fraud & non-fraud overpayments.