The event addresses the impact on federal and state unemployment taxes as the economy recovers during 2010 and future years. As the national unemployment rate has stabilized over the past few months (from a high of 10.2% in October 2009 to 9.7% in March 2010), the second quarter of 2010 could mark the start of employment recovery. However, the balances in individual state unemployment trust funds continue to be strained and many states are borrowing from the federal government via Title XII loans to pay unemployment benefits. As states begin to plan for Title XII loan repayments, employers will be challenged with increased unemployment tax costs. In addition to state UI tax increases, many employers are also facing FUTA tax increases.