Journal Article

Preparing Unemployment Insurance for a Downturn: The Carolinas

Abstract: In the aftermath of the Great Recession, the United States saw unemployment rates rise to levels it had not seen since the early 1980s as employers shed workers by the millions. Workers who had lost their jobs could not find other work and flooded into unemployment offices around the nation applying for benefits to ease the shock to their household income. Unemployment insurance claims and payouts soared, straining programs from coast to coast.

Keywords: unemployment insurance; South Carolina; North Carolina;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2017

Issue: 3Q

Pages: 32-35