Predicting Maine's Future (Current Balance: $278.7m)
Maine's fund is solvent and we predict it will stay that way, largely because a consistently sustainable tax rate and a low proportion of the unemployed collecting benefits allowed it to enter the recession with almost 20 months of reserves. Despite that, the fund has eroded somewhat, triggering an average business tax increase from $188 to $328 per employee for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| In the Clear: Maine's unemployment fund is solvent. |
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| 6 Month Projection | Unemployment Rate (November) | Net Income (December) | Avg. Weekly Benefit | % of Unemployed Receiving Benefits |
|---|---|---|---|---|
| $199.4m | 7.4% | $-11.0m | $274.4 | 31.0% |
| National: 9% | Rank: 10 of 51 | Rank: 36 of 51 | Rank: 40 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.