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Minnesota is among 22 states that have had to borrow money from the federal government to pay unemployment benefits during the ongoing economic crisis. The state’s unemployment insurance system is currently more than $155 million in debt, according to a new report.
ProPublica originally reported on the perilous state of the country’s unemployment insurance systems in June, but recently updated its findings. California’s beleaguered system leads the country with $4.6 billion in debt, while Michigan ranks second with $2.8 billion owed.
Because of a compromise worked out in 1935, each state has its own unemployment insurance system, with widely different benefit levels. The average weekly benefit in Minnesota is $359.50, the seventh highest level in the country. The lowest weekly benefit level: $196.61 in Mississippi.
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Comment posted October 27, 2009 @ 9:47 pm
Umm.. did we “un-allot” any of this T-Paw? Near 8 years of economic prosperity you had to work with before the “collapse” and we have nothing to show for it as a State except more debt to the Feds? Fed Henchman Pawlenty is on the job, no worries.
Comment posted October 31, 2009 @ 9:49 am
And MN is leading nationwide for the highest unemployed in construction trades. We have passed the 30% mark! To throw these people to the streets is unconscionable as a society! Who caused this collapse again? Workers or bankers and their casino style of greed! We cannot throw our working society away as we are the backbone of this state! Businesses need us and we need them to turn this state around again. What we don’t need is a governor who must compete with Palin for attention. Just because he was on the short list, does not mean he is qualified to be president!
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