State official reports positive signs for unemployment fund

CARSON CITY — Modest improvements are starting to surface in the state’s unemployment benefits fund after Nevada’s economic crisis gutted it.

Nevada Employment Security Division Administrator Cindy Jones told legislators Wednesday that fewer Nevadans than expected are filing claims for unemployment benefits. The state owes the federal government about $2 million less in interest for the money Nevada borrowed to keep payments flowing.

Nevada’s unemployment rate dropped to 13.2 percent in March, down from a peak of 14.9 percent in December.

Officials want legislators to approve $64 million to pay the interest, down from the $66 million planned. Nevada has borrowed to cover a $759 million deficit in the unemployment fund.

ad-high_impact_4
TOP NEWS
News Headlines
ad-infeed_1
ads_infeed_2
Local Spotlight
Events
Home Front Page Footer Listing
Circular
You May Like

You May Like