California Unemployment Fund out of Money

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Unemployment in Los Angeles County has doubled to 9.9% in the past year. It’s almost that high statewide. But the state’s unemployment insurance trust fund is about to run out of money. In 2001, benefits were expanded, but not the tax base that pays for them. Among those who predicted a crisis were the Legislative Analyst and the California Budget Project, where Jean Ross is Executive Director. We hear from Ross and from Jerry Nickelsburg, senior economist with the UCLA Anderson Forecast.

Credits

Guests:
Jean Ross - California Budget Project, Jerry Nickelsburg - UCLA Anderson Forecast

Host:
Warren Olney

Producers:
Karen Radziner, Christian Bordal