California launches tool to track whether AI is costing workers jobs
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
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Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
CBS News California analyzed a decade of state audits and found that lawmakers failed to enact three out of every four state audit recommendations. Year after year, the auditor tracks the same problems, the same risks, and the same inaction, costing California billions.
A better-than-expected jobs report was released yesterday and touted by President Biden as a sign of economic progress. There was a jump in unemployment, even as jobs were added. Christina Ruffini has more.
The U.S. job market has remained robust despite the Federal Reserve's concerted push to slow economic growth.
The job market remains red-hot despite the Federal Reserve's push to slow economic growth.
Hiring was stronger than economists had forecast, while the unemployment rate fell to 3.5%.
The job market remains surprisingly resilient despite the Federal Reserve's attempts to weaken it.
The labor market experienced the slowest job growth in 18 months, although the unemployment rate shrank to its lowest level in 50 years.
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
California delayed or improperly denied unemployment benefits for millions of people during the pandemic because policies "do not prioritize getting benefits to workers quickly."
In California, one in five families deals with food insecurity and those numbers are even higher in Los Angeles where food banks and the volunteers that staff them are struggling to keep up with demand.
Some Orange County small businesses are hopeful the end of federal pandemic unemployment benefits that many people have been receiving could mean more potential employees to hire.
The Biden administration earlier this month said the pandemic unemployment programs will end as scheduled on September 6, even as coronavirus cases linked to the Delta variant surge.
Many teens are jumping into the workforce just as employers are searching for people to fill spots left empty by workers who quit or lost their jobs during the pandemic.
Salaries and wages increased by an average of 4.5% for the L.A. metro area.
The proposed $908 billion coronavirus relief package is gaining traction in Congress. But will it be enough, and will it come in time?
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
More stimulus checks would help suffering Americans and prop up the sagging U.S. economy, but Democrats and Republicans haven't yet agreed on a deal.
The revised HEROES Act, passed by Democrats in the House, would still include stimulus payments and enhanced unemployment benefits.
Stimulus discussions are back on the table in Washington, but time is growing short to deliver a second round of stimulus payments before the election.
Scammers from out of the state and out of the country have been targeting California's unemployment system.
Time is running out on a stimulus package passing before the election, even as the need for another stimulus check and additional unemployment payments remains strong.
The seasonally adjusted unemployment rate dipped to 16.1% in August, down from 17.9% in July, according to figures released Friday by the Employment Development Department.
Unemployed individuals who qualify for an additional $300 under Trump's Lost Wages Assistance program may receive up to six weeks worth of benefits.
