The memorandum provides an update on the Massachusetts Unemployment Insurance Trust Fund (UI Trust Fund) as of May 31, 2025. The preliminary ending balance of the fund is reported to be $2.36 billion, with year-to-date employer contributions totaling $1.02 billion. Additionally, the Department of Unemployment Assistance (DUA) has disbursed $1.03 billion in benefits for regular unemployment insurance, covering 393,836 initial and continuing claims. This report focuses solely on the actual financial transactions related to the fund. Furthermore, the memorandum notes that an agreement was reached on January 17, 2025, between the Commonwealth and the U.S. Department of Labor to resolve any outstanding liabilities concerning pandemic unemployment insurance overdraws from federal programs initiated during the COVID-19 pandemic. The first payment under this agreement is scheduled for December 1, 2025. For more detailed data, the UI Trust Fund information is accessible at Mass.gov/UITrustFund, featuring visualizations from May 2024 to May 2025.