Georgia's Troubled Trust Fund
A spike in claims at the end of 2008 depleted the state's reserves and it started borrowing in mid-2009. Employers in the state face an average tax increase from $144 to $213 per employee for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
|Bankrupt and Borrowing: Georgia's unemployment fund is currently bankrupt and Georgia is borrowing from the federal government.|
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|Borrowed Amount||Unemployment Rate (November)||Net Income (December)||Avg. Weekly Benefit||% of Unemployed
|National: 9%||Rank: 41 of 51||Rank: 34 of 51||Rank: 36 of 51|
Unemployment Reserves (millions)
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Sources: Google Public Data, Department of Labor, Treasury Department.