State Unemployment Insurance Funds

Are states’ unemployment insurance loans dragging down economies?, By Pamela M. Prah, July 30, 2012, Stateline: “States are slowly paying off the billions of dollars they borrowed to keep their unemployment trust funds afloat during the recession, but those debts are challenging a system created more than 75 years ago and could be hampering some states’ economic recovery. Of the 34 states that borrowed to keep paying unemployment insurance (UI) during the recession, 22 still owe more than $30 billion to the federal government, a debt that will take years for states to pay off…”