$2 billion in trust for jobless benefits. Is it time to increase unemployment checks?
North Carolina has more than $2 billion in its trust fund to pay unemployment benefits, a level close to what federal guidelines suggest for reserves.
State Division of Employment Security officials told legislators Wednesday the amount should be enough for the agency to handle the payout demands of the next recession without having to borrow again from the federal government.
However, some unemployment advocacy groups say the trust fund should be doubled to at least $4.2 billion before state officials should be secure with the amount.
Benefits are drawn mostly by people who lost their jobs through no fault of their own.
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