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California budget forecasts $15B windfall: Virus, schools, small business, people, wildfires

California budget forecasts $15B windfall: Virus, schools, small business, people, wildfires By Adam Beam Gov. Gavin Newsom held the briefing on Friday, Jan. 8, 2021. SACRAMENTO, Calif. - California Gov. Gavin Newsom’s $227 billion budget plan released Friday would turn a $15 billion windfall into economic relief as the state faces a rapid surge in coronavirus cases and deaths. His budget proposal comes as the state faces a challenge the likes of which we never expected, Newsom said. Newsom said the budget addresses five urgent needs: Vaccinating people against coronavirus, reopening schools, supporting small businesses, getting money into people’s pockets and preparing for wildfires, for which he includes $1 billion.

More people stop seeking work in California as virus surges - Santa Monica Daily Press

More people stop seeking work in California as virus surges Dec. 19, 2020 at 5:00 am Adam Beam, Associated Press More than 327,000 people stopped looking for work in California last month, a worrisome trend that has clouded the state’s economic picture during its worst outbreak of the coronavirus. California’s unemployment rate dropped to 8.2% in November, falling for the sixth month in a row since reaching an all-time high of 16.4% in April and May. But the state only added 57,100 jobs in November, down from 145,500 gained in October. Experts said the falling unemployment rate is mostly because so many people have stopped looking for work. Since November of last year, nearly 600,000 people have ended their search more than half of them in November, according to data released Friday by the state Employment Development Department.

More Californians stop seeking work as virus surges

More Californians stop seeking work as virus surges By Adam Beam (Getty Images) SACRAMENTO, Calif. - More than 327,000 people stopped looking for work in California last month, a worrisome trend that has clouded the state’s economic picture during its worst outbreak of the coronavirus. California’s unemployment rate dropped to 8.2% in November, falling for the sixth month in a row since reaching an all-time high of 16.4% in April and May. But the state only added 57,100 jobs in November, down from 145,500 gained in October. Experts said the falling unemployment rate is mostly because so many people have stopped looking for work. Since November of last year, nearly 600,000 people have ended their search more than half of them in November, according to data released Friday by the state Employment Development Department.

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