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This news application is no longer being updated as of February 3, 2011.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. |
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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.