Newsom marks California’s reopening with a lottery, a Hollywood robot and no mask. – The New York Times

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California has been in better shape economically than most states, although its tourism sector “really had the sledgehammer taken to it,” Mr. Newsom had noted on Monday. The state’s unemployment rate remains about 4 percentage points higher than before the crisis and higher than the national average, largely because of layoffs at restaurants, hotels and tourist attractions.

Spending on California tourism fell 55 percent last year. Half of the industry’s work force — some 600,000 employees — lost their jobs in the first month after the pandemic hit.

But overall, California’s economy has emerged from the pandemic with preternatural strength. The state budget is running a record surplus, largely because so many tech start-ups went public and so many white-collar employees were able to continue to work remotely. Mr. Newsom is preparing to issue his second round of statewide stimulus checks, this time including taxpayers earning less than $75,000 annually.

And tourist attractions, such as the Universal Studios theme park, are bracing for a rebound. Disneyland, which had reopened to in-state visitors before this week, was jammed on Tuesday as the park expanded its rules to welcome out-of-staters and announced its fireworks shows would return in July.

Jerry Nickelsburg, an adjunct professor of economics at the University of California, Los Angeles, and the director of an economic outlook called the U.C.L.A. Anderson Forecast, said that the state’s relative economic health appeared to be linked to its public health measures. He added that the data supported the governor’s repeated claims that California had economically outperformed Texas and Florida, both of which were largely open throughout the pandemic.

Source Article from https://www.nytimes.com/2021/06/15/us/newsom-vaccine-lottery-california.html

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