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This news application is no longer being updated as of February 3, 2011.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 Receiving Benefits |
|---|---|---|---|---|
| $611.5m | 10.3% | $-81.5m | $278.6 | 32.0% |
| National: 9% | Rank: 41 of 51 | Rank: 34 of 51 | Rank: 36 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.