California unemployment could peak near 25% with 4.6 million claims filed so far, Newsom says

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California unemployment could peak near 25% with 4.6 million claims filed so far, Newsom says
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Nearly 4.6 million Californians have filed for unemployment claims since March 12, California Gov. Gavin Newsom said.

Nearly 4.6 million Californians have filed for unemployment claims since March 12, which is 2.4 million more workers when compared to the peak unemployment level from the fallout of the financial crisis, Newsom said during a press briefing.

Nearly 4.6 million Californians have filed for unemployment claims since March 12, which is 2.4 million more workers when compared to the peak unemployment level from the fallout of the financial crisis, Newsom said during a press briefing. On Thursday, Newsom revealed a revised budget proposal that reflects a revenue decline of 22.3% from the budget he proposed before the coronavirus outbreak. He said that revenue comes from personal income tax, corporate tax and sales tax.

Newsom said the newest budget proposal, which cancels $6.1 billion in program expansions and spending increases, was designed to protect the state's commitment to public health, public safety and public education, he said.

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