Report: Reforming unemployment systems imperative for state solvency – Center Square

New research indicates that indexing unemployment benefits to a state's economic conditions provides greater solvency for state finances. At the beginning of the year, states that had not reformed their UI systems had just 68 percent of the funds needed to handle a typical downturn. Trust funds fell by more than 50 percent in Massachusetts and New York; West Virginia, Illinois, and California have lost more than 40 percent.