Unemployment Trust Fund Solvency 

Most states have reached solvency in preparation for the next economic downturn.  The states that continue to have issues:

  • The Virgin Islands continue to borrow from the Federal Government and have an outstanding loan balance.
  • Colorado, Michigan, and Pennsylvania are not considered solvent as they currently are using state-funded methods to pay back Title XII loans.
  California is also not considered solvent as they have less than one year of benefit reserves in their unemployment state fund.
  Minnesota is not considered solvent due to the past 12 months of Unemployment Benefits exceeding Unemployment Tax Payments received during the same period.

24 States Report Increase in Initial Applications for Unemployment Benefits

Information obtained from UWC, SUCAP report and Department of Labor. For the full SUCAP report please see https://www.uwcstrategy.org/wp-content/uploads/bsk-pdf-manager/2019/08/July-2019-SUCAP-Report.pdf

 


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