Category: Employment Development Department

California Defaults on $18.6 Billion Debt, Now Businesses Have to Pay

May 5, 2023
CaliforniaeconomyEmployment Development DepartmentGavin NewsomNorthern CaliforniaPolicies & ImpactsRegional & State NewsSouthern CaliforniaState NewsUSUS News
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California borrowed approximately $20 billion from the federal government to cover unemployment benefits during the pandemic, and with Gov. Gavin Newsom’s recent decision to not pay it back, employers are now saddled with the expense, according to experts. “The state should have taken care of the loans with the COVID money it received from the…

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SoCal Unemployment Rates Drop in February: EDD Reports

March 25, 2022
Employment Development DepartmentLocal NewsLos Angeles CountyRegional NewsRegional-Local NewsSan Diego CountySouthern CaliforniaUncategorizedunemploymentUS
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Unemployment rates slightly dropped in Los Angeles and San Diego counties in February 2022, according to figures released on March 25 by the state Employment Development Department (EDD). Los Angeles County’s seasonally adjusted unemployment rate dipped to 6.4 percent in February, down from a revised 6.9 percent in January and from the 10.7 percent rate…

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California’s Legislature Returns for Final 2021 Sprint

August 14, 2021
california state legislatureEmployment Development DepartmentLocal NewsRegional-Local NewsSouthern CaliforniaUS
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Although not as fraught with tension as last year’s 2020 COVID sessions, on Aug. 16 the California State Legislature returns for its hectic last four weeks. Most years, about 1,000 bills are passed, with the governor signing around 700 of them. The last day bills can be passed is Sept. 10. Although not directly related,…

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