Tuesday, December 16, 2008

Wisconsin Unemployment fund is runny on empty

The Wisconsin Unemployment fund is seeing 40% more claims being filed now vs. one year ago. Currently the fund has only $290 million in reserves and could run dry in February 2009--after which time Wisconsin may need to borrow from the Feds.

You can see a video about the situation here:

If you need more information about Wisconsin's Unemployment Insurance program check out: http://www.dwd.state.wi.us/ui/

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