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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.
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.
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.
The state’s unemployment rate for December was 5.5%, the second-highest in the country, behind Nevada, which was 5.7%. Los Angeles County’s jobless rate was 6% at the end of last year.
It lowered the state’s unemployment rate to 5.2% from 5.3%, which was the highest in the nation. The added jobs accounted for 16.1% of the country’s gains while California has an 11% labor ...
“In being generous with other people’s money, politicians in D.C. and Sacramento have set the Golden State on a path to economic destruction.”
In 2002, California enacted the Paid Family Leave (PFL) insurance program, also known as the Family Temporary Disability Insurance (FTDI) program, which extends unemployment disability compensation to cover individuals who take time off work to care for a seriously ill family member or bond with a new child.
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 ...