Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Insurance Trust Fund Debt, State by State. Related articles US – Unemployment Insurance Trust Funds battered by the Great Recession Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
State unemployment insurance trust funds, the engines that finance jobless benefits for millions of Americans, were battered by the Great Recession and went deep into debt to meet the demand from the unemployed. During good economic times, states aim to maintain large enough balances in the trust funds to pay benefits to jobless workers if … Continue reading