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Unemployment Insurance: Trust Fund Reserves Inadequate to Meet Recession Needs

HRD-90-124 Published: May 31, 1990. Publicly Released: May 31, 1990.
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Highlights

Pursuant to a congressional request, GAO assessed the potential impact of a severe recession on the financial status of the Unemployment Insurance (UI) system.

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Topics

Employment
Budgetary reservesstate relationsFuture budget projectionsLoans to statesProposed legislationRecessionState-administered programsTrust fundsUnemployment compensation programsUnemployment insurance benefits