Unemployment Insurance Solvency
A new report from the National Employment Law Project analyzes the severe solvency problems facing state unemployment insurance systems across the nation. Notes the report:
The financing system for unemployment bene-fits is under unprecedented distress, but the situation is not simply the result of the deep recession. The system failure is a result of years of poor financing policy decisions, and the cur-rent crisis should compel policy makers to forge a new path to forward financing of the unemployment insurance program.
The table below summarizes the financial conditions of state trust funds. (Click to enlarge.)
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