California could see a peak of 25% unemployment as more than 4.6 million people have already filed for job-loss benefits

3:03pm PDT - May 14th, 2020    cnbc - Business Insider

  • California Governor Gavin Newsom said the state's unemployment rate could peak at 25% as a result of the coronavirus outbreak. 
  • So far, 4.6 million people in the state have filed for unemployment. 
  • The state also expects a $54.3 bil…