California’s ‘weak’ job market propped up by public money as private sector sheds jobs

  • 📰 CalMatters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Fewer Californians are working in tech and finance, while more have jobs that relate to government spending.

Email addressGet the news that matters to all Californians. Start every week informed.Nursing students Ashley Jensen, left, and Courtney Houtz practice injection procedures in the clinical skills lab at University of San Francisco in San Francisco, Calif. on Oct. 9, 2023. Health care is one of the areas that has added jobs since 2022.

The state Legislative Analyst’s Office looked at employment data from the U.S. Bureau of Labor Statistics through April, and concluded that private-sector industries in California have lost a total of 340,000 jobs since reaching their peak a couple of years ago. Three other industries each saw a 3% drop in jobs since their peaks: business services, manufacturing, and transportation and warehousing. California has a 5.2% unemployment rate, the highest in the nation for the past four months.and social-service industries have gained 240,000 jobs since September 2022, said Chas Alamo, principal fiscal and policy analyst for the Legislative Analyst’s Office, on Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 261. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines