Hawaii's Troubled Trust Fund

Faced with a record trust fund balance in 2008, Hawaii instituted an unemployment insurance tax holiday with a trigger that would dramatically increase taxes if the balance went too low. When unemployment spiked from 3 percent to 8 percent, the fund's balance dropped precipitously, triggering a business tax increase from $90 to $1,070 per employee, on average.

This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.

  Bankrupt and Borrowing: Hawaii's unemployment fund is currently bankrupt and Hawaii is borrowing from the federal government.

All States

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Borrowed Amount Unemployment Rate (November) Net Income (December) Avg. Weekly Benefit % of Unemployed
Receiving Benefits
$28.3m 6.5% $-21.9m $420.2 48.0%
National: 9% Rank: 21 of 51 Rank: 1 of 51 Rank: 7 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.