CALIFORNIA | LOCAL
October 11, 1993
Beginning Oct. 1, anyone who receives unemployment for the first 26 weeks of a one-year claim will not be able to file for an extension. This is because of the fact that the federal government says that unemployment has fallen under 7% nationwide, even though California is well above that mark. For me, a first-time collector of this benefit after working eight years in the aerospace industry, and so far unable to find a job, I could possibly be put out onto the streets. Taxes go up, layoffs continue and the government says the economy is getting better.
May 17, 2012
Re "Setbacks seen for autistic young adults," May 14 As the parent of a young man withAsperger's syndrome, the statistics on post-secondary employment for autistic students are not surprising. My son has a genius IQ and recently earned his bachelor's degree. He has submitted hundreds of resumes but can't land a menial job. Perhaps he is not assertive enough in an interview or has difficulty with eye contact, but this doesn't reflect his ability to troubleshoot a computer or his social networking skills.
March 1, 2010 |
The payday loan industry has found a new and lucrative source of business: the unemployed. Payday lenders, which typically provide workers with cash advances on their paychecks, are offering the same service to those covered by unemployment insurance. No job? No problem. A typical unemployed Californian receiving $300 a week in benefits can walk into one of hundreds of storefront operations statewide and walk out with $255 well before that government check arrives -- for a $45 fee. Annualized, that's an interest rate of 459%.
August 12, 2010 |
Claims for unemployment-insurance benefits remain at a distressingly high level and could forecast trouble for the labor market's recovery, analysts said Thursday after the government released new data. The number of initial claims for regular state unemployment insurance benefits rose 2,000 to 484,000 in the week that ended Aug. 7, reaching the highest level since February, the Labor Department reported Thursday. Economists polled by MarketWatch had expected a level of 463,000 for first-time claims.
March 11, 2010 |
Unemployment in eight counties in California has topped 20%, according to figures released by the state Wednesday. Joblessness in California has hit a peak -- 12.5% in January -- the highest rates have been since the government began tracking unemployment numbers in 1976. Here are the eight counties in the state where unemployment is more than 20%. (Numbers are not seasonally adjusted. Colusa : 27.4% Imperial : 27.3% Merced: 21.7% Plumas : 22.3% San Benito: 21.1% Sutter: 21% Trinity: 25.8% Yuba: 20.4%
CALIFORNIA | LOCAL
May 22, 1987
One does not have to be an expert economist to know, intuitively, that something is terribly wrong with the thesis presented by Martin and Kathleen Feldstein in their article (Editorial Pages, May 10), "Cut Unemployment Rate and You Risk Inflation." I wonder which corporate raider paid them to write this article. We all understand that high unemployment results in less power to labor, therefore lower wages and higher profits. But more importantly, what about the 6-to-7 million people, plus dependents, who are the real victims of this sort of defeatist thinking displayed by this happy couple?