Vermont's Troubled Trust Fund

Despite an increase in the average unemployment insurance tax on businesses from $239 to $329 per employee, Vermont’s fund has gone insolvent. A scheduled increase in the state’s maximum benefit was cancelled, and lawmakers are considering a .02 payroll tax on workers to help limit borrowing.

This news application is no longer being updated as of February 3, 2011. The historical data is still accurate.

  Bankrupt and Borrowing: Vermont's unemployment fund is currently bankrupt and Vermont is borrowing from the federal government.

All States

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Borrowed Amount Unemployment Rate (November) Net Income (December) Avg. Weekly Benefit % of Unemployed
Receiving Benefits
$50.2m 5.7% $-5.6m $306.9 45.0%
National: 9% Rank: 5 of 51 Rank: 22 of 51 Rank: 11 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.