North Carolina's Unemployment Trust Fund is running dry.  From the W-S Journal:

The Unemployment Trust Fund was at $3.9 million yesterday, according to the N.C. Employment Security Commission. By comparison, the trust fund was at $400 million as recently as October.

Commission officials stressed that beneficiaries will continue to get their checks even as North Carolina has experienced a surge in first-time unemployment claims.

The commission expects to add about $19 million to the fund today as more employer unemployment-tax payments from the fourth quarter are cleared.

Even so, the commission is likely to need to borrow money from the federal government for the second time since 2002. The commission has a $540 million credit line that it can tap.

Oy.