The Advances to State Unemployment Funds (Social Security Act Title XII) dataset shows how much states and territories are borrowing from the Unemployment Trust Fund in order to pay out unemployment benefits and the interest. This includes the state or territories' outstanding borrowing balance, amount they are authorized to borrow for the current month, current month borrowings, interest accrued for current fiscal year, and interest received.
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Dataset Properties
Data Table Name
Field Name
Display Name
Description
Data Type
Is Required
Advances to State Unemployment Funds (Social Security Act Title XII)
record_date
Record Date
The date that data was published.
DATE
1
Advances to State Unemployment Funds (Social Security Act Title XII)
state_nm
State Name
The applicable state's name that received advances.
STRING
1
Advances to State Unemployment Funds (Social Security Act Title XII)
interest_rate_pct
Interest Rate Percent
The interest rate on advances set by the quarterly yield amount.
PERCENTAGE
1
Advances to State Unemployment Funds (Social Security Act Title XII)
outstanding_advance_bal
Outstanding Advance Balance
The outstanding advances balance.
CURRENCY
1
Advances to State Unemployment Funds (Social Security Act Title XII)
advance_auth_month_amt
Advance Authorization Current Month
The approved amount the state is authorized to receive in advances for the current month.
CURRENCY
1
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Definition
Notes & Known Limitations
The states and territories represented in this dataset are those that have been approved to borrow by the Department of Labor and/or have an outstanding borrowing balance with the Unemployment Trust Fund. The Advance Activities Schedule for September 17th through the 30th will have an interest received column for the states paying the interest due by September 30th. Section 1202(b)(10)(A) of the Social Security Act as amended by Section 9021 of PL 117-2 deferred the accrual of interest on state advances until September 6, 2021.