Predicting Texas's Future (Current Balance: $292.9m)
Texas essentially operated a pay-as-you-go scheme in which taxes were low and only about five months of reserves were maintained. But skyrocketing claims quickly overwhelmed Texas' system. Now an average business tax increase from $89 to $165 per employee is in effect for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| In Trouble: Texas's unemployment fund will likely be depleted in six months or less. |
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| 6 Month Projection | Unemployment Rate (November) | Net Income (December) | Avg. Weekly Benefit | % of Unemployed Receiving Benefits |
|---|---|---|---|---|
| Insolvent | 8.3% | $2,141.2m | $321.4 | 27.0% |
| National: 9% | Rank: 1 of 51 | Rank: 16 of 51 | Rank: 44 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.