Jon, thanks for sound fiscal management!

Newsday has an article about New Jersey’s increasing unemployment rate and the depleted unemployment insurance fund.

Corzine told a group of small-business owners in south Jersey that the state’s unemployment insurance fund has temporarily run out of money. The fund expects a cash boost from businesses to begin the second quarter in April, but until then it must borrow from Washington. The loan is interest-free through December 2010, Corzine said.

New Jersey’s unemployment claims have continued to rise as the recession deepens. They’re running about double the number as last year.


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