California's unemployment rate soars, but worst yet to come
Last updated 4/25/2020 at 1:01am
The Associated Press
California lost nearly 100,000 jobs in March, signaling a sudden end to a record 10-year streak of job growth because of a coronavirus outbreak that has shuttered nonessential businesses and sent more than 2.7 million residents to the unemployment office.
The unemployment rate in the nation’s most populous state is now 5.3%, a 1.4 percentage point increase that is the largest rate increase on record since 1976, when state officials began using the current formula for tracking job losses.
Still, the numbers are just a glimpse of the pain people are already s...