Archive for January 20th, 2009
Many states are running out of un-employment funds!
Not only are the job losses at the highest level since 1945, now many states are running out of re-serves to pay unemployment insurance. The U.S. Department of Labor recommends that states maintain a balance to sufficiently cover benefits for one year during a typical recession. According to the National Conference of State Legislators, five states have Unemployment Trust Fund accounts re-serves of less than three months to cover benefits. Another eight states have reserves of less than six months, and six states have less than a year in reserve.
George and company left things in quite a mess… Thanks George – I hope history remembers you, as I will *@!?…
