Rhode Island's Troubled Trust Fund
Rhode Island has long maintained dangerously low reserves, entering the recession with just five months' worth. To shore up its fund, the state increased the average business tax from $628 to $675 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This news application is no longer being updated as of February 3, 2011.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: Rhode Island's unemployment fund is currently bankrupt and Rhode Island 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 |
|---|---|---|---|---|
| $225.5m | 11.2% | $-17.9m | $391.4 | 25.0% |
| National: 9% | Rank: 16 of 51 | Rank: 5 of 51 | Rank: 49 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.