Labor secretary: Unemployment fund solvent through summer

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The state’s unemployment trust fund is expected to remain solvent through next summer despite facing a historic number of unemployment claims during the coronavirus pandemic, the state's acting labor secretary said Tuesday.

Ryan Wright told lawmakers told that the unemployment trust fund is in a better place now than what state officials expected only a couple months ago.

In August, Wright told lawmakers that the trust fund was expected to go broke by January, although he signaled at the time it was only . . .

SSJ

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