NEWSCAST: Florida's Unemployment Fund Close To Solvency

Dec 3, 2012

As more Floridians find jobs, the state's unemployment compensation trust fund is expected to have a surplus again in six months. The fund has been running a deficit for nearly four years.

After Florida's unemployment fund was depleted, the state was forced to borrow money from the federal government with interest to cover unemployment claims.
Credit Elyce Feliz / Flickr/Creative Commons