releases: https://web.archive.org/web/20140221095101/http://www.reed.senate.gov/news/release/reeds-layoff-prevention-law-helps-save-over-950-ri-jobs
Data license: MIT · Data source: dwillis/congress-press
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| https://web.archive.org/web/20140221095101/http://www.reed.senate.gov/news/release/reeds-layoff-prevention-law-helps-save-over-950-ri-jobs | Reed’s Layoff Prevention Law Helps Save over 950 RI Jobs | 2013-11-19 | 2013 | 2013-11 | Democrat | House | RI | Jack Reed | R000122 | web.archive.org | legacy | Tuesday, November 19, 2013 Reed’s Layoff Prevention Law Helps Save over 950 RI Jobs Nationwide, Reed’s law has helped save more than 92,000 jobs WASHINGTON, DC – According to the latest figures from the U.S. Department of Labor, Rhode Island has saved over 950 jobs since February of 2012 thanks to Senator Jack Reed’s law providing federal support to state work sharing programs (also known as Short-Term Compensation (STC) programs). Reed’s law provides an estimated $500 million nationwide for business-state partnerships to help prevent layoffs. Since it was enacted in 2012, Rhode Island has received over $6 million in federal reimbursements and grants from Reed’s law and has used those funds to help save 968 jobs. STC programs help people who are currently employed, but in danger of being laid off, keep their jobs. These programs keep workers on the job by giving struggling companies the flexibility to reduce hours instead of their workforce, helping them save on rehiring costs while employees keep their jobs and receive a portion of Unemployment Insurance (UI) benefits to make up for lost wages. Companies are able to remain competitive by lowering costs and keeping a skilled work force, employees keep their jobs and health benefits, and states only pay a fraction of the price it would cost if the workers went on unemployment. “This is a proven, cost-effective program that helps more workers earn a steady paycheck and allows companies to save when they’re forced to temporarily scale back,” said Reed. “Giving states an incentive to expand their work sharing programs is a smart investment in preventing future layoffs and blunting economic downturns.” Rhode Island’s work sharing initiative has helped save over 15,000 jobs since 2008. Under Reed’s law, the state will be relieved of all work sharing payments through 2015. Rhode Island is among 27 states and the District of Columbia that have implemented similar programs, saving over 552,000 jobs nationally since 2008. However, not enough states have work-sharing programs, and it is often under-publicized and underutilized by businesses in states that do. The 27 states that currently have STC programs include: Arizona, Arkansas, California, Colorado, Connecticut, Florida, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Vermont, Washington, and Wisconsin. The U.S. Department of Labor recently announced a new online resource to help states interested in developing or improving STC programs: https://stc.workforce3one.org Jobs Saved by Work Sharing 2008 2009 2010 2011 2012 2012 2 2013 2 3 Arizona 540 1,954 864 499 350 300 285 Arkansas 1 n/a n/a 995 321 162 155 236 California 18,391 48,595 30,363 25,083 21,052 18,080 15,034 Colorado 1 n/a n/a 13 58 71 68 275 Connecticut 399 4,514 2,217 1,051 1,320 1,209 564 Florida 325 1,535 1,016 628 354 299 182 Iowa 1 n/a 4,285 1,760 941 713 569 241 Kansas 7,012 9,373 4,738 1,584 2,051 1,470 1,274 Massachusetts 545 4,010 1,180 502 448 378 154 Maryland 513 1,079 821 455 344 270 267 Minnesota 1,460 4,888 1,379 1,026 620 463 474 Missouri 2,788 5,080 2,968 3,704 3,206 2,711 2,282 New Hampshire 1 n/a n/a 36 54 55 44 21 New York 2,689 13,926 6,186 4,259 4,344 3,588 3,253 Oregon 1,144 3,485 1,767 808 479 403 598 Rhode Island 2,896 6,632 2,941 988 623 506 462 Texas 12,536 26,749 13,008 12,212 9,856 8,604 7,012 Vermont 869 2,171 609 219 123 118 55 Washington 5,985 27,342 25,722 21,862 15,128 11,884 8,422 US Total 58,092 165,618 98,583 76,254 61,299 51,119 41,091 1 - Recently created programs no data for some years. 2 - Reflects claims filed after enactment of Middle Class Tax Relief and Job Creation Act 3 - Reflects claims filed through November 9, 2013 Note: This data represents work share equivalent initial claims (WSEIC), which makes the data comparable to regular unemployment insurance initial claims. For example, 5 people applying for work share whose hours are reduced by 20 percent would be reported as 1 for WSEIC. Source: Employment & Training Administration, U.S. Department of Labor | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |