California extends unemployment benefits

Despite initially rejecting an extension for state unemployment benefits, the state Assembly passed a compromise bill on March 23, 2008.

The bill will extend unemployment benefits to nearly 74,000 out of work Californians. Previous to the passing of the compromise bill unemployment benefits would have ceased in April.

The bill now heads for the state senate on Thursday and then on to Gov. Schwarzenegger.

"There is no higher priority in California right now than helping our unemployed and creating jobs so Californians can get back to work," the governor stated. The governor additionally praised the assembly for bipartisanship.

In February, the Californian unemployment rate rose to 10.5%. Many rural areas of California are currently suffering from unemployment rates that exceed 15%.