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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 ...
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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.
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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.”
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