Author: Andrew Sherrill

Publisher: DIANE Publishing

Published: 2010-08

Total Pages: 57

ISBN-13: 1437933122

The federal-state unemployment insurance (UI) program relies on state trust funds to hold enough reserves to meet benefit needs during economic downturns. The sufficiency of such "forward funding" has been a policy concern for decades, particularly during the recent recession, which has caused very high unemploy. rates. While the economy added jobs in Mar. 2010, unemploy. remains very high and has continued to rise in most states, suggesting that state UI programs will continue to face serious financial challenges for at least the near future. This report: (1) describes the current condition of state UI trust funds; (2) highlights policies or practices that have contributed to their conditions; and (3) identifies options for improving UI forward funding in the future.