News

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.