Each state administers its own unemployment insurance benefits program. Each state also has its own unemployment insurance trust fund, and some are in better shape than others. Above is a chart of the states that are now relying on loans from the Federal Unemployment Account to provide for continued unemployment benefits to the qualifing unemployed in their state. In the past month: 1) Illinois began to take trust fund loans, and 2) the total amount of loans increased by $2.45 billion. Total loans now amount to over $12.8 billion.
Data source:
U.S. Department of Labor, Employment & Training Administration
National Conference of State Legislatures
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Comment by admin — September 10, 2009 @ 10:35 pm