Gavin Newsom Tom Tapp Gavin Newsom Says California tv video film broadway Gavin Newsom Tom Tapp Gavin Newsom Says California

California Coronavirus Update: Gov. Gavin Newsom Says Unemployment Will Hit 18% Amid Worst Budget Deficit in State’s History

Reading now: 791
deadline.com

By Tom Tapp Deputy Managing Editor At his Wednesday press conference, California Governor Gavin Newsom confirmed the state is facing the worst budget deficit in its history.

Possibly even harder to hear for the many Californians thrown out of work by the coronavirus: State projections show unemployment hitting 18 percent.

Newsom says the unemployment numbers will create hardships “more acute than anything we’ve seen in modern times.” As he did yesterday, he then called on the federal government to step in and aid the state. “We really need the federal government to do more,” he said.

For comparison, in its January projections, the state pegged unemployment this year at 4.4 percent and a state budget surplus of $6.8 billion.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA