Unemployment benefits are available to California workers who lost their jobs or had their hours reduced through no fault of their own. Anywhere between $40 and $450 is available each week, depending on your earnings for the last 18 months.
The U.S. economy created a burst of new jobs in December, capping a solid year of employment growth marked by big gains in healthcare and government payrolls.
Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.
Kevin Thompson, founder and CEO of 9i Capital Group, told Newsweek many layoffs in California are due to tech companies reducing their pandemic-era workforce bloat. In August, Intel Corp. revealed plans to cut roughly 15,000 jobs due to disappointing earnings, and Cisco Systems cut approximately 7 percent of its workforce (5,900 jobs) in September.
Newsom’s optimistic state budget is already outdated, since fires will heavily impact both income and spending.