Many states build up reserves in their unemployment trust funds when times are good, then use the surplus to temporarily raise unemployment benefits during recessions.
12.
The money to provide new benefits would come from the $ 21 billion Federal Unemployment Trust Fund Account, which is financed by contributions from employers.
13.
Fortunately, the federal unemployment trust funds are flush and could be used to support the states in the current downturn if Congress and the administration act.
14.
Georgia's unemployment trust fund, now at $ 1.4 billion, lost more than 26 percent of its value in the last year.
15.
With an unemployment trust fund of more than $ 1.4 billion, the state can and should make this statement, as well as increase weekly benefits.
16.
Weld argues against such a reserve, saying the purpose of the state's unemployment trust fund is not to absorb the entire impact of a deep national recession.
17.
"It only makes economic sense to fully fund the unemployment trust fund in good economic times so that it may remain solvent in bad times, " she said.
18.
The Center on Budget and Policy Priorities, a nonpartisan research organization, says the federal unemployment trust fund is expected to contain $ 24 billion by the end of this year.
19.
George Wentworth, director of program policy at the Connecticut Labor Department, said Clinton's proposal represented " a fairly dramatic departure from the traditional uses of unemployment trust fund dollars ."
20.
Combined with the UTF outgo estimated by the Projection Program, the Financial Forecast Program is capable of projecting the dynamic flow of the Unemployment Trust Fund on quarterly basis under different economic and legislative scenarios.
