Wednesday, March 11, 2009

Funds for Unemployent Are Subpar

As we all know, the current job market has lead to extremely high unemployment rates. Acording to an article by the Austin American Satesman this is causing the state unemplyment fund to pay double what it was paying last year. Not only that but the state unemployment insurance trust fund is not going to have the amount of money it legally needs. In fact it'll  have  $812  million less than what it's supposed to. However, Texas will be able to recive $556 million if they take into account part-time workers and the like. But they will also have to re-calculate the icome of those that have been laid off.

No comments:

Post a Comment