Coronavirus unemployment: One-fourth of California workers could lose jobs, governor says

Coronavirus unemployment: One-fourth of California workers could lose jobs, governor says

4 years ago
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https://www.mercurynews.com/2020/05/11/coronavirus-unemployment-layoff-job-california-great-depression-newsom-tech-retail-restaurant-hotel-construction/

An unemployment rate that has “skyrocketed” could leave one-fourth of California’s workforce without jobs — akin to the rates during the Great Depression — Gov. Gavin Newsom warned Monday in a forbidding assessment about how the coronavirus has wrecked the state’s once booming economy.

“Unemployment numbers” in California “will be north of 20 percent,” Newsom said during a regular briefing to discuss the state’s war against the deadly bug. The state’s Employment Development Department is due to release the latest official unemployment rate for California on May 22.