Sunday, June 28, 2009

15 States have borrowed Federal Funds to pay UI benefits

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According to Data from May, 2009---14 states have borrowings from the federal government for funding of their depleted unemployment insurance funds---and in the coming months several more states will be added to the list.

Michigan, California, New York, Ohio and Indiana have borrowed the most money---while Arkansas, Kentucky, Missouri, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina and Wisconsin also have borrowed funds.

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