In Massachusetts, which has the highest unemployment rate in the country at 17.4 percent, the pool of money that funds unemployment benefits has already gone into the red by more than $350 million, said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. The state is borrowing money from the federal government to pay unemployment benefits, and employers will eventually be called on to contribute more, she said.
August 10, 2020
FY 2021
What will Trump’s new executive order mean for unemployed workers in Mass.? Confusion reigns
In Massachusetts, which has the highest unemployment rate in the country at 17.4 percent, the pool of money that funds unemployment benefits has already gone into the red by more than $350 million, said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation. The state is borrowing money from the federal government to pay unemployment benefits, and employers will eventually be called on to contribute more, she said.