Capitol Comments

As the national unemployment rate hovers around 9.5% and with state unemployment rates as high as 14.2%, states are hemorrhaging money from their unemployment trust fund accounts - the funds states use to pay unemployment benefits. Every month, more states are forced to borrow from the federal government to keep those trust funds afloat and last week, the tab for states hit just over $39 billion.  

June unemployment figures were released today and states are looking a little better than they were in May.  Thirty-nine states experienced a small decrease in unemployment over last month, while five states had increases and six states reported no change in their rates.  New Hampshire had the biggest month-over-month drop, falling .50% from May to 5.9%, while Nevada and Louisiana had the biggest increases, each jumping .20% in a month. 

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