Ga. closer to paying off unemployment debt
ATLANTA (AP) — Georgia
Labor Commissioner Mark Butler says the state has made significant
progress repaying the federal government for loans that covered
unemployment benefits in recent years.
Journal-Constitution reported Thursday that after the beginning of the
recession, Georgia went more than $721 million into debt to the federal
government to cover the cost of unemployment benefits.
Butler says the debt has been trimmed to $296.3 million, and the state is poised to pay the debt off by fall of 2014.
says benefit cuts, decreasing overpayments and job creation have all
factored into the decrease in the state's federal debt.
weekly benefits in 2013 dropped to $259 from $265. In August, the number
of people seeking unemployment dropped by about 10,000 from August of