Nevada's Troubled Trust Fund
Nevada started the recession with a year's worth of reserves, but a sky-high unemployment rate quickly eroded them, and the state's trust fund was insolvent by October 2009. Nevertheless, the state decided not to increase taxes for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: Nevada's unemployment fund is currently bankrupt and Nevada 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 |
|---|---|---|---|---|
| $674.8m | 14% | $-47.1m | $324.6 | 38.0% |
| National: 9% | Rank: 31 of 51 | Rank: 15 of 51 | Rank: 23 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.