Connecticut borrowed over $700 million from the federal government to bolster its underfunded Unemployment Insurance Trust Fund after the forced closure of businesses during the COVID-19 pandemic put hundreds of thousands of people out of […]
unemployment trust fund
The Appropriations Committee unanimously passed a plan to spend $2.8 billion in federal COVID-relief funds, including paying down $310 million in unemployment funds borrowed from the federal government to pay the massive influx of unemployment […]
Connecticut entered the COVID-19 pandemic with roughly half the money in its unemployment trust fund needed to withstand a typical recession and subsequently, the state had to borrow $894 million from the federal government in […]
During a virtual meeting with the state Appropriations Committee on August 14, Department of Labor Deputy Commissioner Daryle Dudzinski told committee members the DOL estimates there have been 50,000 overpayments of unemployment and potentially 80,000 […]
An error by the Connecticut Department of Labor resulted in the U.S. Department of Labor reporting Connecticut had a massive surge of 298,680 initial unemployment claims for the week ending May 9 – more than […]
More than 21 percent of Connecticut’s workforce has filed for unemployment, the second highest rate in the country, according to a new report from the Tax Foundation. The Tax Foundation based its report on figures […]
Connecticut had roughly half of the money needed to weather a recession in its unemployment trust fund before the COVID-19 pandemic hit the state, according to a report from the Tax Foundation which tracked unemployment […]
