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Gavin Newsom: “California has a 0.9 to 1.2% higher unemployment rate…”

Featuring: Gavin Newsom, Democratic | Governor of California

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California Governor Gavin Newsom | Bloomberg Newsmaker Event

Published | Video Starts at 13:32

You saw last year venture capital, highest it's ever been. $106 billion. 68 billion last year. 106 this year. Interesting. Close to 70% of those dollars … California has a 0.9 to 1.2% higher unemployment rate consistently... Today it's 1.1% higher. … into that. And the reason I point out those reports and is they tend to do it in a remarkable and sophisticated way that goes to the struggle of all of us to reconcile that but difference. (13:32–13:56)

CLAIM

Asserts that California's unemployment rate is consistently 0.9 to 1.2% higher than the national average, currently 1.1% higher.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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