Florida's Troubled Trust Fund
Low benefits and even lower taxes kept Florida's fund afloat, but a spike in claims at the beginning of 2009 quickly ate away the state's reserves, and it started borrowing in September. To slow the bleeding, the state has raised the average business tax from $104 to $312 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This news application is no longer being updated as of February 3, 2011.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: Florida's unemployment fund is currently bankrupt and Florida 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 |
|---|---|---|---|---|
| $2,072.2m | 12.2% | $-22.1m | $233.6 | 26.0% |
| National: 9% | Rank: 22 of 51 | Rank: 46 of 51 | Rank: 46 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.