source: http://www.edd.ca.gov/about_edd/pdf/qsui-Fund_Balance.pdf
The trust fund continues to look not-so-trusty with a negative $8 billion balance. Before the Great Mortgage Fraud Recession, it maintained an average balance around +$2 billion. It was completely wiped out in 2009 and bottomed at negative $11 billion in 2011. The state has only been able to pay unemployment benefits with enormous loans (at interest) from the federal government. At the current polynomial recovery rate, it will become solvent again around August, 2016 as long as there is no recession between now and then. If there is a recession before it recovers, well, let's not go there.
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