California unemployment is more than 20%, governor says
Newsom said unemployment numbers are lagging and warned, “Let me reassure you, those numbers underestimate the rate in this country.”
Paying for unemployment: The governor said he will present a balanced budget next week, as is constitutionally required. Newsom is projecting tens of billions of revenue shortfall, when that revised budget is released on May 14.
Once again, Newsom cried out for the help of the federal government.
“We cannot do justice to the 40 million Americans – in this state that need us now more than ever without the support of the federal government, period," he said.
On Monday, Newsom said the state will need to borrow funds from the federal government to pay unemployment claims.
Ohio is in the same boat, needs to borrow from the federal government to pay unemployment claims.