July 16, 2013
SACRAMENTO – As California’s economy continues to rebound from the recession, the
California Employment Development Department (EDD) is warning long-term
unemployed individuals that they may no longer be eligible for the last tier in federal
unemployment extension benefits. That’s because California’s unemployment rate is on
track to dip below a three-month average of 9% – the minimum level required by federal
guidelines in order to provide the final ten weeks of additional benefits associated with a
Tier 4 federal extension.
With an educated and highly skilled workforce, a comprehensive higher education system with distinguished research institutions, and access to public and private funding in the form of research grants and venture capital, California has been and continues to be in a unique position to lead the nation in biotechnology.