• Matt Esnayra

California Spent $3.5 Billion on Unemployment Benefits Last Week

California paid $3.5 billion in unemployment benefits last week alone, surpassing the highest one-week total of unemployment benefits paid during the Great Recession. The Employment Development Department said on Thursday.

Why it matters:

California's unemployment rate was 16.3% in May and far above the Great Recession's peak of 12.3% a decade ago. The EDD has processed more than 6.7 million unemployment claims and paid a total of $33.5 billion in benefits in both the state's regular Unemployment Insurance program and the federal Pandemic Unemployment Assistance, and Pandemic Emergency.

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