A monthly report of the Department of Unemployment Assistance (under Section 14F of Chapter 151A of the General Laws) relative to the Unemployment Insurance Trust Fund for May 2024

This document is a monthly report providing financial data for the Massachusetts Unemployment Insurance Trust Fund for May 2024, rather than a legislative bill proposing new laws. It details that the fund's balance was $2.74 billion at the end of May, with employers contributing $771.77 million and the state paying out $1.02 billion in benefits to nearly 400,000 claimants during the year. The report also notes an ongoing issue where a federal audit found the state had incorrectly received $2.491 billion in pandemic-era unemployment funds, though the amount to be returned remains undetermined.