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AND THE FUTURE JUST HERE IN THE STATE OF CALIFORNIA. JUST SINCE MARCH 12 SOME 3.1 MILLION CALIFORNIANS HAVE FILED FOR UNEMPLOYMENT INSURANCE. JUST SINCE MARCH 12 3.1 MILLION HAVE FILED FOR UNEMPLOYMENT INSURANCE FEW WEEKS BACK. I I WAS GIVING A STATE OF THE STATE TALKING ABOUT THE FACT THAT WE HAD JUST ENTERED INTO A HUNDRED AND 19TH MONTH OF CONSECUTIVE JOB GROWTH IN THE STATE OF CALIFORNIA. WE TALKED ABOUT THE FACT THAT WE WERE AVERAGING GDP GROWTH OVER A FIVE-YEAR PERIOD OF 3.8% SUBSTANTIALLY OUTPACING THE REST OF THE NATION. WE ARE ENJOYING LOWEST UNEMPLOYMENT IN MODERN RECORDED HISTORY 3.9% TODAY. I STAND FRONT OF YOU SOBERED BY THE ALITY OF THE LAST FEW WEEKS. WE ARE NOW IN A PANDEMIC INDUCED RECESSION HERE IN THE STATE OF CALIFORNIA. AND WHILE THE NEW NUMBERS CAME OUT TODAY 5.3 PERCENT UNEMPLOYMENT THAT MASKS THE REALITY OF WHERE THE REAL UNEMPLOYMENT RATE IS HERE TODAY AND ULTIMATELY WILL END UP OVER THE COURSE OF WEEKS AND MONTHS AGAIN 3.1 MILLION HAVE JUST APPLIED FOR UNEMPLOYMENT INSURANCE. THEY’RE NOT ALL REPRESENTED. IN THAT FIVE POINT THREE PERCENT UNEMPLOYMENT RATE NUMBER. THESE ARE SOBER AND CHALLENGING TIMES AND WE BELIEVE VERY CONFIDENTLY THESE ARE NOT PERMANENT MOMENTS IN TERMS OF WHAT WE SHOULD EXPECT IN THE FUTURE. WE HAVE GREAT CONFIDENCE IN OUR CAPACITY TO IN A CALIFORNIA WAY TO NOT JUST SURVIVE WORKING OUR WAY THROUGH THIS PANDEMIC BUT TO THRIVE OVER THE COURSE OF THE NEXT YEAR TWO AND T

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Gov. Gavin Newsom said Friday that California is now in a "pandemic-induced recession" as the state continues to see the death toll climb from coronavirus.During his daily briefing, Newsom announced he has dozens of experts working together to help with California's economic recovery. He has created an economic task force that will be headed by former presidential candidate Tom Steyer and Newsom's chief of staff. Jerry Brown, Arnold Schwarzenegger, Gray Davis and Pete Wilson -- all four living former governors -- are also on the advisory committee, which Newsom says is representative of California's population of 40 million people. 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 3 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. Michael Bernick, an employment attorney at the law firm Duane Morris and a former director of the state Employment Development Department, said it's very likely California's unemployment rate during the “Great Lockdown” will be well over 12.5% - which is the highest it ever got during the Great Recession last decade. “These numbers indicate only a small part of the devastation,” Bernick said.Newsom underscored Friday that the state is not ready to ease up on stay-at-home restrictions.Ninety-five people died from coronavirus-related complications in a 24-hour period, Newsom said Friday. The 95 deaths are the "worst 24-hour period since this virus attacked people in the state of California," according to Newsom. "That's humbling and it should be eye-opening to people that think that we're out of the woods," he added.| MORE | COVID-19 map of California: Latest coronavirus cases by county-- The Associated Press contributed reporting to this story.