Page 22 - தேசிய கூட்டமைப்பு ஆஃப் சுயாதீனமான வணிக News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Normal, IL, USA / www.cities929.com Jul 23, 2021 | 3:25 PM (The Center Square) – Skyrocketing unemployment during the pandemic drained the state’s unemployment insurance fund, causing a deficit that could reach $5 billion. That has business leaders worried about tax increases. The pandemic’s ensuing economic shutdown caused unemployment rates as high as 16% last year, upending the usual balance between revenue and benefit payouts into Illinois’ Unemployment Insurance Trust Fund, according to media reports.. The fund’s deficit is historically massive. Mark Grant, Illinois state director for the National Federation of Independent Business, says the scale of this deficit is beyond anything the state has dealt with before.

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