WWL: Unemployment Fund Runs Dry
In October, Connecticut's unemployment insurance fund ran out of money
In October, Connecticut's unemployment insurance fund ran out of money. The state has already borrowed $80 million to make up for the shortfall, and these loans will increase to 260 million by the end of the year. Connecticut is not alone. Twenty-five other states have also drained their unemployment funds and are borrowing money from the federal government to ensure that money is provided to those without jobs.
Today, Where We Live, a conversation about how Connecticut got here and what the plan is moving forward, how we compare to other states, and how small businesses and individuals are being affected.
