Minnesota’s unemployment insurance fund is running dangerously low
politicsinminnesota.com reported that:
The wretched economy is laying waste not only to the state’s general fund budget, but its unemployment insurance (UI) trust fund as well.
At the end of 2008, the fund that pays Minnesota unemployment claims stood at $508 million. According to U.S. Department of Labor calculations, that represented reserves equal to about four months (0.34 years) of average payouts in a normal recession. In more adverse conditions–like those we’re experiencing now–it’s closer to three months (0.28 years). These metrics are the Department of Labor’s main solvency measures for state UI trust funds, and a year’s worth of reserves is generally deemed healthy. The Minnesota figures placed the state’s unemployment trust fund at 35th and 31st in the nation, respectively, by the DoL standards.
August 23rd, 2014 at 12:26 am
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August 24th, 2014 at 2:37 am
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August 26th, 2014 at 5:18 am
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November 20th, 2014 at 1:56 am
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December 15th, 2014 at 2:00 pm
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December 15th, 2014 at 2:33 pm
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December 18th, 2014 at 4:49 am
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December 21st, 2014 at 4:40 am
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December 21st, 2014 at 10:00 pm
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December 21st, 2014 at 10:33 pm
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January 18th, 2015 at 6:31 pm
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January 27th, 2015 at 2:00 am
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January 28th, 2015 at 10:12 am
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January 28th, 2015 at 10:44 am
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January 28th, 2015 at 11:16 am
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January 28th, 2015 at 11:48 am
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January 28th, 2015 at 12:20 pm
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January 28th, 2015 at 12:52 pm
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January 28th, 2015 at 1:25 pm
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February 5th, 2015 at 7:07 am
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February 5th, 2015 at 7:39 am
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February 6th, 2015 at 4:36 am
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February 6th, 2015 at 5:09 am
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February 6th, 2015 at 5:42 am
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February 14th, 2015 at 1:43 pm
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