Ohio's Troubled Trust Fund
Ohio has been operating its trust fund at dangerously low levels for years, entering the recession with less than two months of reserves. The state was one of the first to begin borrowing at the beginning of 2009, and employers face a small tax increase from $266 to $270 per employee, on average, for 2010.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: Ohio's unemployment fund is currently bankrupt and Ohio 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 |
|---|---|---|---|---|
| $2,361.5m | 9.3% | $-145.7m | $341.4 | 28.0% |
| National: 9% | Rank: 46 of 51 | Rank: 10 of 51 | Rank: 43 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.