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1 Result found for unemployment insurance trust fund

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Contrary to recent media reports, North Carolina has taken out federal loans to operate its underfunded unemployment insurance system, and it is the state's obligation to see that $2.5 billion debt is repaid, said Dale Folwell, state assistant secretary of employment security.
Contrary to recent media reports, North Carolina has taken out federal loans to operate its underfunded unemployment insurance system, and it is the state's obligation to see that $2.5 billion debt is repaid, said Dale Folwell, state assistant secretary of employment security.
 
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