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This news application is no longer being updated as of February 3, 2011.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
|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.