Skip Navigation
MiDashboard - Reporting ScorecardMichigan.gov - Official Web Site for the State of Michigan
Michigan.gov Home Open Michigan |  Data |  Spending |  Results
close print view

Unemployment Benefits

Why it Matters: Unemployment benefits are funded by employer taxes and federal dollars. When unemployment compensation fund balances are insufficient to fund current benefits, the fund borrows from the federal government. As shown in the chart below, the unemployment compensation fund balance has declined from a surplus of $2.4 billion in fiscal year 2002 to a deficit of $2.8 billion at the end of fiscal year 2011.

Source: Michigan CAFR

QR code

Michigan.gov Home
 | Accessibility Policy | Link Policy | Security Policy | Privacy Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2013 State of Michigan