Alabama almost fully repaid on loan from federal government - WSFA.com: News Weather and Sports for Montgomery, AL.

Alabama almost fully repaid on loan from federal government

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MONTGOMERY, AL (WBRC) -

Alabama has nearly repaid its debt to the federal government after borrowing $99-million to cover unemployment checks to jobless workers. The state owes only about $1-million in interest due in September.

Unemployment in Alabama increased recently to 7.4% in June.

State officials say there are 34,000 fewer unemployed Alabamians than there were a year ago.

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