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Flickr User Keith Ramsey
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NJ’s Unemployment Insurance Fund Finally Solvent

For years, leaders of both political parties in New Jersey routinely raided the Unemployment Insurance (UI) fund to help balance budgets. The state recently enacted a law banning the practice and today the fund is finally solvent. That’s great news for the state’s business community.

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Frances Perkins Building, home to the US Department of Labor
Frances Perkins Building, home to the US Department of Labor (Wikicommons)
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US Unemployment Aid Applications Drop To 358,000

Applications for US unemployment benefits dropped 15,000 to a seasonally adjusted 358,000 last week, though the figure was distorted for the second straight week by California's efforts to clear backlogged claims.

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