Unemployment Insurance

29 Mar

California's Competitiveness, Employment Development Department, Unemployment Insurance

California’s Unemployment Rate Highest in the Nation as Job Losses Mount

March 29, 2024
By CalTax

California’s unemployment rate is the highest in the nation at 5.3 percent, with businesses reporting 3,400 job losses in February. Add...

12 Jan

Unemployment Insurance

State’s UI Fund Debt Projected to Grow to $20.8 Billion

January 12, 2024
By Annie

California's unemployment insurance (UI) fund debt is projected to increase to $20.8 billion by the end of 2024 and continue growing in...

06 Jan

Unemployment Insurance

California’s UI Fund Ended Year With $18.2 Billion Deficit

August 8, 2023
By CalTax

California’s Unemployment Insurance (UI) Fund ended 2022 with a deficit of approximately $18.2 billion and is projected to end 2023 with a $16.3 billion deficit, according to a new report from the Employment Development Department (EDD). The figures represent debt owed to the federal government, and the ongoing debt triggers employment tax increases for California employers.