Pro Publica is reporting Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months
The unemployment insurance system is in crisis. A record 20 million Americans collected unemployment benefits last year, and so far 25 states have run out of funds and been forced to borrow from the federal government, raise taxes or cut benefits. Using near real-time data on states' revenues and the benefits they pay out, we've estimated how long their trust funds will hold up.
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Mike "Mish" Shedlock
Mish's Global Economic Trend Analyis is a great site to see where our economy is heading.
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