Connecticut's Troubled Trust Fund
The seven months of reserves that Connecticut carried into 2008 were not enough to help it survive a spike in claims that began in October of that year. The state's trust fund went insolvent shortly afterward. Despite this, the state is carrying forward with a small, previously scheduled benefit increase.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: Connecticut's unemployment fund is currently bankrupt and Connecticut is borrowing from the federal government. |
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| Borrowed Amount | Unemployment Rate (November) | Net Income (December) | Avg. Weekly Benefit | % of Unemployed Receiving Benefits |
|---|---|---|---|---|
| $619.2m | 8.5% | $-64.5m | $335.7 | 53.0% |
| National: 9% | Rank: 38 of 51 | Rank: 11 of 51 | Rank: 4 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.