Data Snapshot: State-by-State Unemployment Insurance Trust Fund Borrowing

As of Dec. 29, 2011, 26 states plus the Virgin Islands were borrowing money from the Federal Unemployment Account to help pay growing claims for unemployment insurance benefits, with outstanding loans then totaling more than $36.4 billion. New York and California are among the top borrowers of federal funds, with a combined total of more than $13.2 billion in loans. Pennsylvania is close behind, having borrowed $3.2 billion. On a per-capita basis, state borrowing ranges from a low of $6.79 in Alabama and $21.99 in Kansas to a high of $303.27 in Indiana and $283.08 in Nevada.

For more details, see this BLOG post

 

Unemployment Loan Balances Per Capita 

Source: U.S. Department of Labor, Employment and Training Administration, as of 12/29/11

Tags: