North Carolina's Troubled Trust Fund
North Carolina entered the recession with one and a half months' worth of reserves, and its fund was one of the first to go insolvent at the beginning of 2009, but no tax changes are planned.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: North Carolina's unemployment fund is currently bankrupt and North Carolina 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 |
|---|---|---|---|---|
| $2,592.8m | 9.9% | $-115.1m | $300.2 | 39.0% |
| National: 9% | Rank: 45 of 51 | Rank: 26 of 51 | Rank: 20 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 03, 2011)
Sources: Google Public Data, Department of Labor, Treasury Department.