From The Wall Street Journal, Real Time Economics, "
Newsletter: States Burn Through Unemployment Funds" by Jeffrey Sparshott:
And nearly half of all U.S. states have logged double-digit percentage declines in their trust-fund balances since the end of February, the month before the pandemic triggered shutdowns that led to widespread job losses, Sarah Chaney reports.
States use trust funds to pay regular unemployment benefits, while the extra $600 payments recently added for workers laid off during the pandemic are funded through a federal stimulus package.
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