Coronavirus unemployment: California jobless claims top 4 million, funds are running dry

Coronavirus unemployment: California jobless claims top 4 million, funds are running dry

4 years ago
Anonymous $pSba0tWIcA

https://www.mercurynews.com/2020/05/04/coronavirus-unemployment-california-jobless-claims-top-4-million-funds-run-dry-exhaust-deplete-economy-job-layoff-tech/

Unemployment claims in California have jumped past the 4 million mark in seven weeks, a grim coronavirus-linked surge that has left the state government fund set up to finance payment of jobless benefits “very close” to depletion, Gov. Gavin Newsom disclosed Monday.

The state’s Employment Development Department has processed since March 15 about 4.1 million claims for unemployment insurance, according to an estimate from the governor.

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