The memorandum provides an update on the Massachusetts Unemployment Insurance Trust Fund (UI Trust Fund) for May 2026, reporting a preliminary ending balance of $1.68 billion. Year-to-date employer contributions reached $1.26 billion, while the Department of Unemployment Assistance (DUA) disbursed $1.18 billion in benefits for 425,273 claims. The report emphasizes that the figures presented are based solely on actual dollars collected or disbursed.

Additionally, the memorandum notes that an agreement between the Commonwealth and the U.S. Department of Labor was established on January 17, 2025, to resolve any outstanding liabilities related to pandemic unemployment insurance overdraws. The first payment under this agreement was made on December 1, 2025. The UI Trust Fund data is accessible on the newly created Massachusetts Unemployment Insurance Trust Fund webpage, which includes data visualizations from May 2025 to May 2026.