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Mon December 3, 2012

NEWSCAST: Florida's Unemployment Fund Close To Solvency

  • WLRN Miami Herald News

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.
 

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