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1. justthenews.com › nation › statesCalifornia unemployment fund 'insolvent' due to $55B fraud ...

   justthenews.com › nation › states

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   Apr 23, 2024 · Published: April 23, 2024 6:03am. Article. Dig Deeper. (The Center Square) - California’s unemployment insurance fund is “structurally insolvent” due to $55 billion in fraud and overpayment during COVID-19 crisis, leading to a growing $21 billion unemployment benefits loan from the federal government the state is unable to pay down.

2. www.latimes.com › business › storyCalifornia in a jam after borrowing billions to pay ...

   www.latimes.com › business › story

   Apr 18, 2024 · When COVID struck in March 2020, U.S. unemployment jumped to 14.8% a month later and brought unprecedented jobless claims, forcing California and many other states to borrow from the federal...

   • Email: don.lee@latimes.com

   • Occupation: Staff Writer

3. People also ask

   What happened to California's unemployment rate in March 2023?

   • Meanwhile, the state’s unemployment rate has gone up to 5.3% from 4.5% in March 2023, while the U.S. jobless figure has edged up to 3.8% from 3.5% during the same period. In March, job growth in California continued to be led by gains in health services and private education.

   Despite lagging performance, California expected to avoid recession

   www.latimes.com/business/story/2024-04-19/california-returns-to-job-growth-in-march-but-unemployment-rate-remains-highest-in-nation

   See all results for this question

   How long did California workers stay on unemployment aid in 2022?

   • In 2022, California workers stayed on unemployment aid for an average of 18.1 weeks, compared with 14.5 weeks nationally, according to a study by the Department of Labor’s former lead actuary, Robert Pavosevich. In California that year, 47% of recipients took the full maximum 26 weeks of jobless benefits.

   California in a jam after borrowing billions to pay unemployment benefits

   www.latimes.com/business/story/2024-04-18/california-borrowed-billions-to-pay-jobless-benefits-but-now-its-come-home-to-roost

   See all results for this question

   What's going on with California's unemployment rates?

   • The state’s Employment Development Department report Friday continued to show a wide disparity in the unemployment rates by counties, with those in the Central Valley and some rural areas in double digits while the Bay Area and Orange County were below 4%.

   Despite lagging performance, California expected to avoid recession

   www.latimes.com/business/story/2024-04-19/california-returns-to-job-growth-in-march-but-unemployment-rate-remains-highest-in-nation

   See all results for this question

   Why does California have a high unemployment rate?

   • California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits. The surge in unemployment brought on by the COVID pandemic pushed the state’s unemployment insurance trust into insolvency.

   California in a jam after borrowing billions to pay unemployment benefits

   www.latimes.com/business/story/2024-04-18/california-borrowed-billions-to-pay-jobless-benefits-but-now-its-come-home-to-roost

   See all results for this question

4. www.latimes.com › california › storyCalifornia is trying again to extend unemployment benefits to ...

   www.latimes.com › california › story

   Apr 24, 2024 · April 24, 2024 3:51 PM PT. Months after Gov. Gavin Newsom vetoed the proposal, lawmakers in Sacramento are trying again to extend unemployment benefits to California workers who are on strike...

   • Email: laura.nelson@latimes.com

   • Occupation: Staff Writer

5. news.bloomberglaw.com › daily-labor-reportSenators Accuse DOL of Allowing Unemployment Fraud in California

   news.bloomberglaw.com › daily-labor-report

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   2 days ago · Over $30 billion in taxpayer funds lost to unemployment insurance fraud in California may not be recovered under recent US Department of Labor guidance, two key Republican senators said in a letter to acting Labor Secretary Julie Su Wednesday. The UI Program Letter, issued in December by the DOL’s Employment and Training Administration, says ...

6. www.sacbee.com › news › politics-governmentCalifornia overpaid as much as $55B in unemployment claims ...

   www.sacbee.com › news › politics-government

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   Apr 18, 2024 · The state’s unemployment agency potentially overpaid an estimated $55 billion in recent years to people who may not have been eligible for jobless benefits, a California state audit has found....

7. www.oig.dol.gov › newsroomcurrentOffice of Inspector General - News Releases - DOL

   www.oig.dol.gov › newsroomcurrent

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   May 3, 2024 · Former California Unemployment Office Worker Charged in Scheme to Steal Hundreds of Thousands of Dollars in Pandemic Unemployment Aid (USAO SD-CA 12/17/2020) Two COVID-19 Unemployment Benefit Fraud Schemes Charged in the Eastern District of California (USAO ED-CA 12/17/2020)

8. www.latimes.com › business › storyCalifornia returns to job growth in March, but unemployment ...

   www.latimes.com › business › story

   Apr 19, 2024 · April 19, 2024 Updated 12:32 PM PT. For the second month in a row, California posted the highest unemployment rate in the country, according to new data for March. And it was one of only two ...