News Formal

California job market: layoffs and unemployment rate tick upwards

  • 📰 KTVU
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Even though job growth is positive in California, that growth has slowed significantly.

In August, new jobs stood at 20,000, way less than the 60,000 jobs the Golden State averaged in the last year. On the other side of slowing job growth, layoffs are now increasing.

This caused the unemployment rate to increase slightly from 3.9% In July to 4.1% in August. "Still very low by all historic standards here in California," said Bernick. In fact, there is now a near record 1.3 million California job openings, 150,000 more than the previous month, including the astonishing reality that, once again, more than 400,000 workers quit their jobs.

 

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

I’ve been unemployed since May 🤷🏻‍♀️

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:

 /  🏆 465. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet the Congress Members Trading Defense Stocks While Shaping Military PolicyCongress continues to approve defense budgets beyond what even the Pentagon even asks for. This is utter nonsense SpeakerPelosi LeaderMcConnell SenSchumer GOPLeader KamalaHarris POTUS
Source: truthout - 🏆 69. / 68 Read more »