Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months
by Olga Pierce, ProPublica – January 20, 2010 12:42 am EST
The record 20 million Americans who collected unemployment insurance benefits last year landed on a safety net that was already deeply frayed.
New Interactive: ProPublica Predicts if Your State’s Unemployment Insurance Fund Is About to Hit the Skids
A historical compromise has left responsibility for unemployment benefits largely in the hands of states, and they have fulfilled this charge with varying degrees of effectiveness.
In a series last summer with public radio’s Marketplace, we reported that only a handful of states had built up reserves sufficient to weather the Great Recession [1] – and forecast a spate of borrowing by states where reserves ran out.
Continue reading States Are Running Out of Unemployment Funds