Idaho's Troubled Trust Fund
In 2005, figuring severe recessions were a thing of the past, the Legislature unanimously decided to halve the state's required reserve level by lowering taxes and raising benefits. If the trust fund was ever in trouble, officials figured, they could raise taxes. Their trust fund went insolvent in June, and businesses face an average tax increase from $349 to $816 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This news application is no longer being updated as of February 3, 2011.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: Idaho's unemployment fund is currently bankrupt and Idaho 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 |
|---|---|---|---|---|
| $202.4m | 9.4% | $-20.2m | $263.5 | 44.0% |
| National: 9% | Rank: 17 of 51 | Rank: 38 of 51 | Rank: 15 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.