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May marked the 49th month of job market expansion for California after the state lost 2.7 million jobs at the start of the COVID-19 pandemic. The state has added over 3.1 million jobs since May ...
The state gained 107,100 nonfarm payroll jobs over the first six months of 2024, more than double the same time frame last year when 38,400 jobs were added, the EDD said. Unemployment went down in ...
L.A. County’s unemployment rate overall went up to 5.6% in August from 5.5% the previous month and 5.1% a year earlier. Regionally, job gains last month were led by the Central Valley, according ...
The unemployment insurance program is a benefit for workers who have lost their jobs. The maximum duration of benefits has increased from 26 to 99 weeks in some states. Unemployment extensions across the U.S. are typically not a concern due to stringent policies that state unemployment agencies have enacted in recent years.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
In a surprisingly strong economic report, California employers stepped up hiring in May and the state unemployment rate fell for the first time since 2022.
Public employment service, unemployment insurance and payroll tax agency: Headquarters: 722 Capitol Mall, Sacramento, California: Employees: approximately 10,000 [1] Annual budget: US$ 882 million (2018–2019) Parent agency: California Labor and Workforce Development Agency: Website: www.edd.ca.gov
Currently California employers pay a federal unemployment insurance tax of 1.2% on the first $7,000 of wages per employee, but that will rise incrementally every year so long as California is in ...