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Five Years Later, the Pandemic Still Weakens Two California Employee Safety Nets
- COVID-19 impacted California's economy, causing over 3 million job losses and raising the unemployment rate to more than 16% five years ago.
- California borrowed about $20 billion from the federal government to support unemployment benefits, with the debt projected to grow to $23.7 billion by 2026.
- The Workers' Compensation Insurance Rating Bureau is seeking an 11.2% premium increase due to work comp claims filed by COVID-19 victims, despite limited connections to the workplace.
- California's unemployment rate decreased to 5.3% five years after the COVID-19 pandemic.
15 Articles
15 Articles
San Diego Union Tribune
Five years later, the pandemic still weakens two California employee safety nets
When the COVID-19 pandemic struck California five years ago, it massively impacted California families not only medically but economically. As the state forced many businesses to close their doors, 3 million Californians lost their jobs, shooting the state’s unemployment rate up to more than 16%. In turn, two state programs that are supposed to cushion employees from the effects of workplace disruption were hard-hit. The most obvious impact is w…
Walters: Five years on, the pandemic still plagues California employee safety nets
When the COVID-19 pandemic struck California five years ago, it massively impacted California families not only medically but economically. As the state forced many businesses to close their doors, 3 million Californians lost their jobs, shooting the state’s unemployment rate up to more than 16%. In turn, two state programs that are supposed to cushion employees from the effects of workplace disruption were hard-hit. The most obvious impact is w…
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