Predicting Tennessee's Future (Current Balance: $159.5m)
Low taxes and benefits kept Tennessee's unemployment fund afloat before the recession -- albeit with just six months' worth of reserves. We project that Tennessee's fund will be insolvent within six months. To slow the depletion, the state has imposed a business tax increase from $197 to $293 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This news application is no longer being updated as of February 3, 2011.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.
| In Trouble: Tennessee's unemployment fund will likely be depleted in six months or less. |
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| 6 Month Projection | Unemployment Rate (November) | Net Income (December) | Avg. Weekly Benefit | % of Unemployed Receiving Benefits |
|---|---|---|---|---|
| Insolvent | 9.4% | $-44.7m | $219.0 | 24.0% |
| National: 9% | Rank: 29 of 51 | Rank: 48 of 51 | Rank: 50 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.