The memorandum provides an update on the Massachusetts Unemployment Insurance Trust Fund (UI Trust Fund) as of August 31, 2025. The preliminary ending balance of the fund is reported to be $2.16 billion, with year-to-date employer contributions totaling $1.28 billion. Additionally, the Department of Unemployment Assistance (DUA) has disbursed $1.56 billion in benefits for regular unemployment insurance, covering 569,567 claims. The report emphasizes that the figures presented are based solely on actual dollars collected or disbursed.

Furthermore, the memorandum notes that an agreement was 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 established 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 visualizations of data from August 2024 to August 2025.