California is also facing a multi-billion deficit - The economic slowdown has affected that state's budget. For the second year in a row, California is facing a multibillion-dollar deficit. The Newsom administration reported the deficit was $37.9 billion in January. But the nonpartisan Legislative Analyst's Office believes it could be as high as $73 billion.- California now has the highest unemployment in the nation, after new data revealed that job growth in the Golden State was much lower in 2023 than previously believed. Data from the state Employment Development Department indicates California reached 5.3% unemployment last month. Meanwhile, federal data showed that California added just 50,000 jobs between September 2022 and September 2023, far less than the 300,000 initially shown. California lost 2.7 million jobs at the start of the coronavirus pandemic, thanks to Gov. Gavin Newsom's draconian stay-at-home order that forced many businesses to close. Since then, the state has added 3 million jobs, per the EDD. - https://www.foxbusiness.com/economy/california-leads-nation-unemployment-slower-job-growth-than-anticipated
