Minnesota’s unemployment insurance system $155 million in red
Tuesday, October 27, 2009 at 2:00 pm
- 4 Comments
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.
4 Comments
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!
Pingback posted November 23, 2009 @ 12:38 pm
[...] is far below the national average, but in Farming/Ranching states that are more sparsely populated. Minnesota’s unemployment insurance system $155 million in red. MN Unemployment: What Can Freelance Writers Learn from a Troubled Economy Like This? Freelance [...]
Comment posted January 5, 2010 @ 7:26 pm
Myself,spending a number of years behind bars at a very young age and having several jobs sent to China. I know I can always get a bed at the county jail. Looks like we would rather have people behind bars than working. I hear most people are back withen three years of release. I’ve made it twenty years. I contibute this to being employed. But now with My job being done away with repeatedly and employers dening Me employment based on My felony convictions I question what the future may hold.
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