California Unemployment Claims And Protecting Your Business
The labor market has been experiencing significant changes over the last few years. In California alone, the unemployment rate has dropped from 11.7% in August of 2011 to just 3.9% in October of 2019. Despite this massive increase in employment, businesses are still plagued by unemployment claims that can create a large expense. The Employment Development Department reported a rise in the number of people who filed for unemployment benefits. California has the largest unemployment system in the US. Despite the employment rate rising steadily over the years, the EDD stated that 2016 saw unemployment checks being distributed to over 800,000 people which translated to close to 33 million dollars paid out in unemployment benefits daily.
