In In The News

In the decade since the Great Recession, Michigan employers built up one of the healthiest unemployment insurance funds in the country.

But even $4.6 billion might not be enough to withstand the onslaught of coronavirus shutdown-induced jobless claims from quickly bleeding the fund dry.

Michigan’s unemployment trust fund, which took nine years to build up, could be drained in a matter of six months if nearly 1 million jobless workers draw benefits for an average of 19.4 weeks, according to a new analysis from the W.E. Upjohn Institute for Employment Research.

Read more in Crain’s Detroit Business