Average high-cost multiple (AHCM) ratio, by state, 2007

State 2007 AHCM
Hawaii 1.88
New Mexico 1.85
Mississippi 1.7
Maine 1.64
Oklahoma 1.54
Washington 1.54
Oregon 1.46
Montana 1.45
Utah 1.44
Nebraska 1.21
Vermont 1.21
New Hampshire 1.16
Wyoming 1.13
District of Columbia 1.11
Arizona 1.1
Alaska 1.07
Florida 1.04
Nevada 1.02
Puerto Rico 1
Georgia 0.96
Kansas 0.96
Louisiana 0.93
Delaware 0.91
Iowa 0.89
North Dakota 0.8
Maryland 0.78
Virgin Islands 0.78
Virginia 0.7
Colorado 0.67
Connecticut 0.54
Alabama 0.52
United States 0.52
Massachusetts 0.5
Tennessee 0.48
Idaho 0.46
West Virginia 0.45
Texas 0.44
Minnesota 0.38
Rhode Island 0.37
Illinois 0.34
South Dakota 0.33
Arkansas 0.32
Pennsylvania 0.3
Indiana 0.29
Wisconsin 0.29
California 0.27
South Carolina 0.26
North Carolina 0.23
Kentucky 0.21
New Jersey 0.21
Missouri 0.12
Ohio 0.12
New York 0.09
Michigan 0

Note: The average high-cost multiple (AHCM) ratio is a measure of state unemployment trust fund adequacy that divides the trust fund balance by the average cost rate of three high-cost years in the state's recent (typically 20-year) history. To be considered minimally solvent prior to a recession, a state trust fund must have an AHCM ratio of at least 1.0.

Green bars denote states whose trust fund accounts never went insolvent following the recession that began in December 2007.  Red bars denote states that went insolvent and cut benefit duration. The black bar is the U.S. total.

Source: Authors' analysis of U.S. Department of Labor Unemployment Insurance Data Summary, 4th Quarter 2007

View the underlying data on epi.org.