At a Glance: Ohio’s Unemployment Fund, 2000-2020

Ohio’s non-partisan Legislative Service Commission (LSC) has published this infographic illustrating Ohio’s Unemployment Trust Fund revenue and benefits from 2000-2020. The fund, which is fully paid for by Ohio employers, was last deemed solvent in 1974, according to the U.S. Department of Labor.

In 2021, the OMA successfully advocated for legislation to use pandemic-related relief funds to repay Ohio’s federal loan that funded unemployment benefits during the early months of the pandemic. Without action by the General Assembly and Gov. Mike DeWine, Ohio employers would have faced a substantial tax hike. 1/11/2022