Tennesseans are filing for unemployment in record numbers, yet a new report from the Sycamore Institute says the state’s unemployment benefits and related employer taxes are among the lowest in the nation. As the coronavirus pandemic continues with a potential second wave expected, more families are relying on unemployment insurance to stay financially afloat.
Sycamore Institute policy director Mandy Pellegrin says COVID-19 has left many wondering what the future holds for the state's system.
According to the report, Tennessee's unemployment insurance program provided benefits to around 21 percent of unemployed workers during the first quarter of this year. The state currently ranks in the bottom eight among states for the number of out-of-work residents who are receiving benefits.