Arizona's Troubled Trust Fund
Arizona kept its trust fund afloat with a combination of low taxes and some of the nation's lowest benefits. But a significant spike in claims at the beginning of 2009 quickly ate through most of the fund. The state has no tax increase planned for this year, and according to our calculations, the fund will be insolvent in less than six months.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
|Bankrupt and Borrowing: Arizona's unemployment fund is currently bankrupt and Arizona is borrowing from the federal government.|
How we did it
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|Borrowed Amount||Unemployment Rate (November)||Net Income (December)||Avg. Weekly Benefit||% of Unemployed
|National: 9%||Rank: 28 of 51||Rank: 49 of 51||Rank: 31 of 51|
Unemployment Reserves (millions)
Reporters: You are free to use this data to report your stories. Just remember to credit Propublica. Here's a CSV Download of our unemployment data. (Last update February 02, 2011)
Sources: Google Public Data, Department of Labor, Treasury Department.