Overhauling States' Stretched Unemployment Funds

Friday, December 04, 2009

The Bureau of Labor Statistics will release November's unemployment numbers this morning; most observers expect unemployment to rise once again. Millions of Americans are either un- or under-employed, and many are making ends meet with unemployment checks. Some of the state unemployment funds paying those checks, however, are going bone dry. Carl Guzzardi, tax director for the Connecticut labor department, says the state is having to borrow billions of dollars. The Ford Foundation is helping many states overhaul their unemployment systems; Director of Quality Employment Helen Neuborne joins us to describe their efforts. And Georgia's Labor Commissioner, Michael Thurmond, discusses Georgia's attempts to overhaul their unemployment system.

Guests:

Carl Guzzardi, Helen Neuborne and Michael Thurmond

Hosted by:

Todd Zwillich

Contributors:

David J Fazekas

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