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Unemployment Insurance: State Trust Fund Loans
Updated May 17, 2013
The Federal Unemployment Account (FUA) provides for a loan fund for state unemployment programs to ensure a continued flow of benefits during times of economic downturn. According to the U.S. Department of Labor, Employment and Training Administration, 21 states and the U.S. Virgin Islands currently have loan balances in their Trust Fund accounts.
As of May 15, 2013, the most recent balances of outstanding state loans from the FUA are:
|
State |
Loan Balance |
Began Borrowing |
|
Arizona |
$109,039,911.93 |
March 2010 |
|
Arkansas |
$198,109,486.38 |
March 2009 |
|
California |
$8,206,163,200.93 |
January 2009 |
|
Connecticut |
$735,026,053.55 |
October 2009 |
|
Delaware |
$72,406,186.69 |
March 2010 |
|
Georgia |
$510,660,882.3 |
December 2009 |
|
Indiana |
$1,350,287,540.04 |
December 2008 |
|
Kansas |
$50,208,798.13 |
January 2013 |
|
Kentucky |
$837,065,689.07 |
January 2009 |
|
Massachusetts |
$10,911,246.45 |
April 2013 |
|
Missouri |
$314,086,145.52 |
February 2009 |
|
Nevada |
$536,592,605.88 |
October 2009 |
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New Jersey |
$145,075,378.22 |
March 2009 |
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New York |
$2,416,527,291.33 |
January 2009 |
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North Carolina |
$2,071,243,296.09 |
February 2009 |
|
Ohio |
$1,871,548,876.32 |
January 2009 |
|
Pennsylvania |
$523,175,536.17 |
January 2013 |
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Rhode Island |
$138,925,071.72 |
March 2009 |
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South Carolina |
$675,574,269.20 |
December 2008 |
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Vermont |
$53,528,757.62 |
March 2010 |
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Virgin Islands |
$66,219,229.57 |
August 2009 |
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Wisconsin |
$476,820,462.72 |
February 2009 |
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Total |
$21,369,195,915.84 |
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Source: U.S. Dept. of Labor, Employment and Training Administration.
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