By the numbers: Minnesota’s unemployment insurance fund is running dangerously low (updated)

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By the numbers: Minnesota’s unemployment insurance fund is running dangerously low (updated)

by Steve Perry
Published: June 11,2009
Time posted: 1:00 am
Tags: Minnesota economy, Minnesota unemployment insurance trust fund, U.S. Department of Labor, Unemployment insurance

The wretched economy is laying waste not only to the state's general fund budget, but its unemployment insurance (UI) trust fund as well. At the end of 2008, the fund that pays Minnesota unemployment claims stood at $508 million. According to U.S. Department of Labor calculations, that represented reserves equal to about four months (0.34 ...

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