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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.
And California workers claim unemployment benefits in disproportionately high numbers. The state currently accounts for about 20% of the nation’s jobless claims, far in excess of its 11% share ...
Though the unemployment rate is currently at a historical low, economists polled in Bankrate’s Economic Indicator survey predict that a recession could lead to a loss of jobs in the coming year ...
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.
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Labor organizations filed lawsuits and took other actions in an attempt to stop the furloughs of state workers. [9] On Jan. 29, 2009, a Superior Court Judge ruled that Schwarzenegger had emergency furlough power, and on February the 3rd District Court of Appeal in Sacramento said the appeal to the decision came too late and was incomplete, so judges were unable to determine if a halt to state ...
Some states, though, have already requested money back. CNBC reported that Texas sent out notices to about 260,000 recipients between March and October 2020 and “tried to claw back $124 million.”
The state Employment Development Department is still trying to get the trust fund back in shape after its payments exploded during the 2020-2021 COVID-19 pandemic.