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- Though unemployment remains low by historical standards, California’s labor market picture has diverged from that of the US: nationwide, jobs have grown at about twice California’s annual rate. US unemployment is also much lower (3.9%) and has held steady for the last two years.
www.ppic.org/blog/why-have-us-and-california-jobs-numbers-diverged/
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Aug 30, 2023 · The latest data shows that California has a higher unemployment rate than the US overall. Published by the Bureau of Labor Statistics (BLS), the official unemployment rate is the number of active job seekers divided by the labor force.
Mar 11, 2022 · Updated jobs report shows that California had a lower unemployment rate and better job creation last year – indicating a stronger economic recovery than previously estimated. California created a record 42 percent of the nation’s new jobs in December and 11 percent in January, significantly outpaced the nation’s job growth rate.
Mar 8, 2024 · WASHINGTON — U.S. employers continued hiring new workers at a brisk pace last month, providing fresh evidence that the overall economy remains sturdy, but the new data showed that California...
- don.lee@latimes.com
- Staff Writer
Oct 2, 2024 · California’s 2023 GDP growth — which at a 3.7 % annual compound rate outpaced all but three states — slowed in the second quarter of 2024 to 2.8%, 0.2 percentage points lower than the U.S. growth rate overall.
- UCLA Newsroom
Mar 28, 2024 · Though unemployment remains low by historical standards, California’s labor market picture has diverged from that of the US: nationwide, jobs have grown at about twice California’s annual rate. US unemployment is also much lower (3.9%) and has held steady for the last two years.
May 18, 2022 · Prior to the onset of COVID-19, the unemployment rate in California was slightly higher than the national rate, but this gap widened during the pandemic, reflecting the severe effect of the crisis on the state’s economy. Two years later, unemployment in both the state and the nation are back to their pre-pandemic rates.
Dec 13, 2023 · California’s unemployment rate is projected to average 4.5% in 2023 and climb to 5.2% in 2024 on a sharp slowdown in employment growth. The underperformance of the state’s economy implies joblessness in California will remain notably above the nation’s next year.
