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Tuesday, 22 May 2012
 
 
33 states out of money to fund jobless benefits PDF Print E-mail
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Saturday, 10 April 2010 11:46


By Hibah Yousuf, staff reporterApril 9, 2010: 2:26 PM ET

NEW YORK (CNNMoney.com) -- With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.

A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.

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