Predicting Maryland's Future (Current Balance: $199.9m)
A doubled unemployment rate coupled with unsustainable tax rates has eaten away Maryland's reserves, and we project the fund will be insolvent within six months. Employers face an average tax increase from $163 to $422 per employee, but that will not be enough to prevent borrowing.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| In Trouble: Maryland's unemployment fund will likely be depleted in six months or less. |
How we did it
We built a formula! For details, check out our Nerd Page.
Take our survey
Help us understand what it’s like to be relying on the unemployment safety net – or to fall through it – by answering a few questions.
Reporting network
Want to be notified when we update this data? Sign up for ProPublica's Reporting Network.
| 6 Month Projection | Unemployment Rate (November) | Net Income (December) | Avg. Weekly Benefit | % of Unemployed Receiving Benefits |
|---|---|---|---|---|
| Insolvent | 7.4% | $-54.7m | $317.1 | 37.0% |
| National: 9% | Rank: 36 of 51 | Rank: 20 of 51 | Rank: 28 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.