Oregon Unemployment Insurance Made A Net of $661 Million Available for Housing Expenses, $951 Per Month. Loss of Supplement Would Mean 64% Cut.

Earlier I had posted county level details on the amount of unemployment insurance benefits paid in Oregon counties from Jan to June 2020.

I have now added two tables to the former PDF file and have posted this 5 page PDF HERE, and embedded below. 

The two tables I added show 

• On a MONTHLY basis the average NET UI available for housing expenses ($951 averaged over 6 months).
• The total NET UI amount available for housing expenses. ($661 million total over 6 months)

Both tables use these assumptions/calculations:

• 16% of UI was paid in state and federal income taxes
• 30% of that net amount was available for housing expense
• Simplified, 25.2% of the gross amount of UI was available for housing expenses. 

Loss of $600 Supplement Cuts Amount Available for Housing Expenses by 64%, Leaving Average of Only $351 Monthly.
As with the earlier post, the amounts shown DO include the $600 supplement, which has now expired. After taxes, that $600 weekly supplement provided, for housing expenses: 
$151 weekly
$655 MONTHLY 
$7,862 annually

This means that 64% of the average net MONTHLY UI available for housing expenses over the 6 month period ($655/$951=64%) came from the supplement. 

Without the $600 supplement the average NET UI remaining for housing expenses is only $331 ($951-$600=$351).

Originally created and posted on the Oregon Housing Blog.