On the health of the unemployment system

From FiveThirtyEight, a fascinating look at the nation's unemployment system, here.

Comparing the health of state unemployment systems now against their positions prior to the 2008 financial collapse, the article argues that these systems have not recovered adequately to meet the needs of the next recession.

What will that mean? "[U]nderfunded unemployment systems can have serious consequences for workers. Several states have responded to depleted trust funds by cutting back either the duration or the amount of benefits available to workers, or both. Several states now offer at most 20 weeks of benefits; traditionally, states have offered at least 26 weeks. Other states could face pressure to follow suit if a recession saps already depleted unemployment resources."

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