The proposed California budget cuts would result in a loss of 331,000 full-time equivalent jobs, increasing the unemployment rate by 1.8 percentage points. The private sector would be affected the most, with over half of the jobs lost being part-time. The number of jobs estimated to be lost is much greater than the entire employment growth projected by the Legislative Analyst's Office for 2011. An alternative approach that mixed spending cuts with $5.4 billion in targeted revenue increases would save an estimated 244,000 jobs compared with the Governor's proposal.
