Unemployment Funds Could Dry Up

Growing ranks of jobless stressing states' abilities to help
By Jim O'Neill,  Newser User
Posted Oct 9, 2008 7:39 AM CDT
A job seeker enters the Career Resource Center in Barre, Vt.   (AP Photo/Toby Talbot)
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(Newser) – At least 10 states have less than six months worth of unemployment benefit reserves and could run out of cash early in 2009, reports CNN. The national unemployment level is currently at 6.1%—the highest since 2001—and is expected to keep climbing. Economists say states should have packed away more funds during better economic times instead of “giving in to anti-tax fervor.”