California’s surprisingly solid job market

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The California hiring spree of 2022 equals a 5% annual growth rate, fourth-fastest pace since 1976.

January 26, 2023 at 11:53 a.m.And that meant 2022 was a solid year for California’s job seekers.

or a rash of year-end layoff notices. And we can debate on another day the numerous ways the Golden State might polish its jobs picture and business climate.Look at all those 2022 job additions in California. They represent 14.4% of all hires nationally in the year. That’s an above-par slice of job creation as California has created 13% of new U.S. jobs since 1976., part of a rebound from job losses in the early days of the pandemic era.

That No. 4 ranking is the highest yearly grade California has earned for its hiring pace in the past 47 years. The previous highest performance rank was the fifth-place showing in 2013, as the state’s economy was emerging from the rubble of the Great Recession.

 

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