It is considered a useful tool in unemployment insurance (UI) benefit financing and trust fund forecasting.
It estimates Unemployment Trust Fund (UTF) income by simulating the workings of the State's taxation system.
Furthermore, the Financial Forecast Program also assesses the adequacy level of the UTF under different scenarios and report solvency measures (such as Reserve Ratio, Average high cost multiple, etc.)
Lastly, the Projection Program can also be run independently to perform benefit cost estimation as well as workload forecasting.
Since early 1980s the model has been modified, updated and expanded by the Division of Actuarial and Fiscal Services in the Office of Unemployment Insurance of the U.S. Department of Labor.