Connecticut lawmakers began reviewing ideas Thursday to repay $500 million the state borrowed from the federal government to help pay unemployment benefits for jobless workers.
The state's unemployment trust fund has been depleted by the deep, persistent recession as unemployment nearly doubled, to 9 percent, and the number of jobless workers seeking compensation jumped from 40,000 in 2007 to 130,000. Total borrowing could rise to about $1 billion in the coming two or three years, the state Labor Department said.
Read the full article here
Copyright 2011 Associated Press.
The state's unemployment trust fund has been depleted by the deep, persistent recession as unemployment nearly doubled, to 9 percent, and the number of jobless workers seeking compensation jumped from 40,000 in 2007 to 130,000. Total borrowing could rise to about $1 billion in the coming two or three years, the state Labor Department said.
Read the full article here
Copyright 2011 Associated Press.
No comments:
Post a Comment