Saturday, April 10, 2010

33 states out of money to fund jobless benefits

NEW YORK (CNNMoney.com) -- With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.

A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.

rest at http://money.cnn.com/2010/04/08/news/economy/state_funds_jobless_benefits/index.htm

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