California Cannot Sustain Great Depression 2.0 Much Longer | Hoover Institution

California Cannot Sustain Great Depression 2.0 Much Longer | Hoover Institution: Between mid-March and mid-April, California obliterated all its job growth of the last decade. More than 3.1 million California workers filed for unemployment over this four-week period, which has increased the state’s unemployment rate to at least 17 percent. Continued job loss over the last week may have pushed it up to 20 percent or more. California, and nearly all other