CA getting fed loan to pay jobless claims
The Golden State doesn’t have enough money in its coffers to pay the folks who have applied for unemployment benefits. The state needs $2.4 billion to keep its program going through the end of the year. All of this comes at a time when California’s jobless rate hit 9.3% in December. That’s the highest since January 1994, according to The Associated Press. (READ THE ENTIRE STORY HERE.)
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