Financing Unemployment Insurance After the Great Recession

Financing Unemployment Insurance After the Great Recession

August 29, 2012

This brief assesses the financing of regular state UI benefits, specifically state financing experiences during and after the Great Recession that commenced December 2007. Sections (1) provide background on the Unemployment Insurance (UI) system; (2) summarize UI system performance in the Great Recession, providing an overview of benefit payment experiences, state borrowing, and the response of the UI tax system that finances regular benefits; (3) analyze causes for the financing problem; and finally, (4) discuss potential remedies to improve fiscal integrity in regular UI, focusing on both state and federal policy action to restore its long-run fiscal solvency.

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.

LATEST IN Job Market and Labor Force

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.