California's Unemployment Rate Edges Up Amid 52,000 Lost JobsCalifornia’s unemployment rose nearly 1 percent in December as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state’s beleaguered Employment Development Department reported Friday.
Suspicious Surge In California Unemployment Claims Raises ConcernsCalifornia is reporting a surge in coronavirus unemployment claims last week for independent contractors, gig workers and the self-employed, and the tens of thousands of claims are raising renewed concerns about widespread fraud.
Stimulus Package Update: Plan Should 'Give As Generous Aid To Local Governments As Possible,' Economist SaysThe proposed $908 billion coronavirus relief package is gaining traction in Congress. But will it be enough, and will it come in time?
California Jobless Fraud Likely Tops $2 Billion, Bank Of America SaysBank of America said Monday it is likely California paid at least $2 billion in fraudulent unemployment benefits, offering a glimpse of the potential size of the problem that has plagued states across the country during the pandemic.
Unemployment Claims Made In Scott Peterson And Other California Killers’ Names, Prosecutors SayAn unemployment claim has been filed in the name of convicted killer Scott Peterson - underscoring the fraud running rampant in California’s prisons and jails, prosecutors say.
EDD Fraud Concerns Forces Action In CaliforniaAt least 350,000 debit cards filled with money for unemployment benefits in California have been frozen because of suspected fraud, state officials said, revealing how prevalent the problem has become now that the state has paid more than $105 billion in benefits since March.
Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Stimulus Package Update: What Happens To The Economy Without A Second Stimulus?Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
EDD Backlog Shrinks To 1.3 Million Following 2-Week ResetCalifornia's Employment Development Department said Wednesday it has cleared about 246,000 of its more than 1.6 million backlogged claims following a two-week “reset” where it stopped taking new applications so it could improve its technology.
Stimulus Check Latest: Timeline For When Americans Could Receive Next PaymentMore stimulus checks would help suffering Americans and prop up the sagging U.S. economy, but Democrats and Republicans haven't yet agreed on a deal.
Stimulus Check Latest: Revised HEROES Act, Passed By House, Includes $1200 Payment; $600 Additional UnemploymentThe revised HEROES Act, passed by Democrats in the House, would still include stimulus payments and enhanced unemployment benefits.
Stimulus Check Update: What's The Latest On A Second Payment Package?Stimulus discussions are back on the table in Washington, but time is growing short to deliver a second round of stimulus payments before the election.
Stimulus Check Update: Will Americans See More Financial Aid Before The Election?Time is running out on a stimulus package passing before the election, even as the need for another stimulus check and additional unemployment payments remains strong.
Trump's Additional $300 Unemployment Benefits Could Now Last Up To Six WeeksUnemployed individuals who qualify for an additional $300 under Trump's Lost Wages Assistance program may receive up to six weeks worth of benefits.
Study: 61% Of Americans Looking For Jobs Right Now Want To Switch CareersThe pandemic has hit the US economy and job market hard, battering some industries beyond recognition. That's inspired many job seekers to change careers altogether, according to a new study.