New Jersey's Troubled Trust Fund
The state's fund went insolvent in March 2009, but it maintained an unsustainably low tax rate for years before that, entering the current recession with less than three months of reserves. New Jersey business owners face a hefty average tax increase from $569 to $896 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This news application is no longer being updated as of February 3, 2011.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: New Jersey's unemployment fund is currently bankrupt and New Jersey 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 |
|---|---|---|---|---|
| $1,608.2m | 9% | $-192.2m | $403.4 | 40.0% |
| National: 9% | Rank: 47 of 51 | Rank: 2 of 51 | Rank: 19 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.