(Appendices) One of the most critical problems in unemployment compensation at the present time is the inadequate financing of benefits, which caused the majority of states to deplete their trust fund accounts in the recent 2008 and 2009 recession.

a. Explain the reasons for the inadequate financing of regular state unemployment compensation programs.

b. How can the financing of regular state unemployment compensation programs be improved? Explain your answer.

c. In addition to improved financing, explain several additional recommendations for modernizing and improving state programs. LO6