Politics

Record $23B Paid In Calif. Jobless Benefits In 2010

View Comments
jobs unemployment

(credit: Getty Images)

Election Returns
Photo Galleries

LOS ANGELES (CBS) — California paid out $23 billion in unemployment benefits in 2010 a new record for the financially-battered state.

And as KNX 1070’s John Brooks reports, with 13 percent unemployment in Los Angeles County, there doesn’t seem to be any relief in sight.

Last year, about $90 million a day was sent out in checks to 1.7 million jobless Californians.

Unemployment benefits are financed by a state and federal tax on employers, but
the rate is not high enough to cover the record payouts, as California’s unemployment trust fund is about $10 billion in debt.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,541 other followers