Pegasus Institute

After an unprecedented four weeks, three of which have set all time records for the number of Kentuckians filing for unemployment, the state’s unemployment insurance trust is projected to be approximately a month away from running out of money. National comparisons show Kentucky’s overall Unemployment Insurance Trust Fund solvency ranking 45th in the United States, only having enough money for about 4 more weeks of payments. Research by Pegasus Institute echoes those projecti

New Report: Since the deepest points of the Great Recession, the number of people in the labor market who are unemployed has dropped by 64 percent, a remarkable testament to the strength of our recovery. The decrease, even with the considerable increase in the labor market as a whole, has caused a precipitous drop in the unemployment rate, which is matching its lowest marks ever recorded. Our unemployment insurance structure remains a problem however, and one that is having a