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State Unemployment Trust Fund Loans

Unemployment Insurance: State Trust Fund Loans

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, 16 states and the U.S. Virgin Islands currently have loan balances in their Trust Fund accounts.

As of April 1, 2014, the most recent balances of outstanding state loans from the FUA are:

State

             Loan Balance

   Began
Borrowing

 Arkansas

$89,765,161.49

Mar. 2009

 California

$9,952,767,187.40

Jan. 2009

 Connecticut         

$575,855,560.75

Oct. 2009

 Delaware

$62,492,640.50

Mar. 2010

 Georgia

$56,785,887.99

Dec. 2009

 Indiana

$1,360,119,279.13

Dec. 2008

 Kentucky

$648,318,978.96

Jan. 2009

 Missouri

$250,103,414.27

Feb. 2009

 New Jersey

$425,330,871.44

Dec. 2013

 New York

$3,249,607,311.69

Jan. 2009

 North Carolina

$1,677,993,203.25

Feb. 2009

 Ohio

$1,597,411,580.93

Jan. 2009

 Pennsylvania

$217,283,927.04

Jan. 2014

 Rhode Island

$125,652,178.24

Mar. 2009

 South Carolina

$456,512,366.54

Dec. 2008

 Virgin Islands

$84,924,581.44

Aug. 2009

 Wisconsin

$464,236,267.60

Feb. 2009

 Total

$21,295,160,398.66

 

Source: U.S. Dept. of Labor, Employment and Training Administration.

NCSL Contact: Jeanne Mejeur
Unemployment Insurance Main Page

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