Unemployment Insurance Financing: State Trust Funds In Recession As Of December 31, 2008

Source: National Employment Law Project, February 2009

The U.S. economy has now been officially declared in recession for over a year. Over 3.6 million jobs have been lost since the recession began, and new unemployment insurance claims rose from 333,000 a week in January 2008 to 583,500 by January 2009. At the same time, continued claims rose from 2.7 million in the first month of 2008 to 4.75 million in January 2009. High levels of unemployment and unemployment insurance (UI) claims are expected throughout 2009.
See also:

Leave a Reply