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 claims. The report emphasizes that the figures presented are based solely on actual dollars collected or disbursed. Furthermore, the memorandum notes a significant agreement reached on January 17, 2025, between the Commonwealth and the U.S. Department of Labor, which resolved any outstanding liabilities related to 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 further details, the UI Trust Fund data is accessible online at Mass.gov/UITrustFund, featuring data visualizations from May 2024 to May 2025.