Virginia's Troubled Trust Fund
Virginia had the nation's lowest unemployment insurance taxes last year, but when its fund went insolvent in October 2009, it triggered a tax increase on employers from $96 to $171 per worker, on average, and cuts in benefits for anyone who also received Social Security.
This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.
| Bankrupt and Borrowing: Virginia's unemployment fund is currently bankrupt and Virginia 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 |
|---|---|---|---|---|
| $396.3m | 6.6% | $-49.0m | $290.1 | 26.0% |
| National: 9% | Rank: 32 of 51 | Rank: 29 of 51 | Rank: 47 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.