Unemployment Insurance Borrowing Now Greater Than During 1980s Recession
If you’ve been following our coverage of the nation’s unemployment insurance system, you may have concluded that things are pretty bad. (See our interactive feature showing whether your state’s fund is in the red.)
But what about some historical perspective?
It’s official, recession hounds: The 26 states with insolvent unemployment insurance trust funds have now borrowed more than was borrowed during 1981 and 1982, the last time there was a severe recession in the U.S., and oft-used benchmark for when things are … more…
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Olga Pierce is a recent graduate of the Stabile Investigative Journalism Seminar at Columbia University, where she won a Horton Prize for health reporting. Before Columbia, she covered health policy for United Press International in Washington where, in addition to writing stories about Medicare Part D, uninsured Americans and AIDS vaccine, she appeared as a commentator on C-SPAN and went to Camp David as a White House pool reporter. Her stories have appeared in the Chicago Tribune, New York Times, Hindustan Times, Lincoln Journal-Star and other newspapers. Olga is fluent in Czech and has a bachelor’s in international economics from Georgetown University.
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