Gov. Scott Walker has announced the state’s Unemployment Insurance (UI) Trust Fund reached $1.65 billion in May. The Trust Fund has been increasing since its lowest level (negative $1.68 billion) in 2011.

The UI Trust Fund is financed by approximately 140,000 Wisconsin employers that are covered under the program, which is administered by the Department of Workforce Development (DWD). Walker said employers have saved $165 million in the UI system since 2016.

Walker’s announcement follows DWD’s release of its 2018 UI Fraud Report to the UI Advisory Council. The report states UI fraud dropped 42 percent in 2017. Walker’s announcement also highlighted historically low unemployment in Wisconsin in 2018.