Illinois's Troubled Trust Fund
Illinois' trust fund never really recovered from $700 million in borrowing in 2003. The state had just three months of reserves at end of 2007, and was insolvent again by last July. Employers face a tax increase from $301 to $323 per employee, on average, for 2010, but that won't be enough to keep the state from borrowing an estimated $8 billion before the recession ends.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: Illinois's unemployment fund is currently bankrupt and Illinois 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 |
|---|---|---|---|---|
| $2,595.0m | 9.2% | $-223.7m | $324.9 | 35.0% |
| National: 9% | Rank: 48 of 51 | Rank: 14 of 51 | Rank: 33 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.