Businesses To Pay Less Into Unemployment Trust Fund

A Tennessee business will get to pay less into the state’s unemployment trust fund, at least for a little while. It’s the first time there’s been a decrease in three years. Payments are going down about one percent, but the decrease could be short lived. The amount of money in the trust fund can fluctuate wildly. Just two years ago, the amount was so low the state needed loans and federal stimulus money to pay out benefits. Now Tennessee has over $568 million in the unemployment trust fund.