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December 6th 2008
SC Unemployment Insurance 4th Worst In Country
As of Sept. 30th, 5 states have reserves covering only 3 months or less of their average monthly unemployment insurance payments:
- Michigan,
- Indiana,
- New York,
- South Carolina, and
- Ohio
South Carolina is “expected to borrow from the federal government in the first quarter of 2009″ to fund our unemployment fund, according to the National Employment Law Project, a move that certainly doesn’t bode well when our SC officials are entering the national GOP rankings since it will put us more in debt than we already are.
On a side note, with New York ranking 3rd worst in the nation for unemployment, if Caroline Kennedy takes the NY Senate seat, it will be interesting to see if her family name has any pull in fixing their unemployment standings, especially since NY’s Gov. Patterson & the much-hyped mayor Bloomberg apparently haven’t done much in that department (Bloomberg now says “she can do anything“.
