California’s Unemployment Fund is ‘Broken,’ New Report Finds
Description
“Broken” is how the Legislative Analyst’s Office describes California’s unemployment insurance financing system in a new report. California is already $20 billion in debt to the federal government for unemployment claims paid during the pandemic, and losses continue to mount. But businesses and labor groups are at odds over whether companies should pay more in taxes to fix it. Meanwhile, the Employment Development Department continues to grapple with problems of fraud and delay in processing benefits. CalMatters investigative reporter Lauren Hepler joins us to break down the challenges the EDD is facing.
Guests:
Lauren Hepler, investigative reporter, CalMatters
Kim Tanner, Carlsbad resident with firsthand experience with California EDD and Money Network
United States
