California worst state to be unemployed
As of 2022, California has the most competitive job market in the country. The unemployment rate in California is 6.4% while the national average is 6.9%.
California's employment is reheating slowly after the pandemic's economic chill. This is shown by the weak prospects for work compared to the national scale. California had 1.15 million unfilled positions in October- the largest count in the nation despite being down 0.4% in a month. That translated to 64% more job opportunities than a year ago. Although that's a huge number, it's slightly above the US national average. Bosses nationwide had 11 million openings, up 4.1% in a month and up 61% in a year. To be fair, it has also been taken into consideration that not all the vacancies are suitable for the unemployed population and many employers and employees have unrealistic expectations. However, the collective needs of the employers and the desires and skills of the employees paint the picture of an economy. If we compare the statewide supply of job opportunities vs who needs a paycheck, in California for the 1.38 million unemployed, there were 83 jobs to be had for every 100 jobless workers. These numbers are a national low. This is what makes the state the most competitive job market, the national number for the same is 132 opening for every 100 unemployed workers.
If other worker movement metrics are taken into consideration, in California employers are hiring adding 691,000 workers in October, but if seen in a cumulative 12-month average, the number is a disappointing 5.5% improvement. While the 6.5 million hires nationwide were up 7.1% in the year. On the other hand, California bosses fired 131,000 people in October- no. 1 in the US while the nationwide dismissals were down by 2.5% in a month and 21% in a year.
Source: Los Angeles Daily News
Category
Disaster Preparation & Response
Benefits Compliance
Whistleblowing
Emergency Response
Employee Handbooks
Firing
Fiduciary Duty
Hiring & Firing
Substance Abuse
Intellectual Property
Contemporary Issues
Relationship Management
Investigations
Raise
Eligibility Verification (I-9)
Ethical Practice
Policies & Practices
Overtime Pay
Promotion
Salary Surveys
Opening
Mentoring & Coaching
Paid Leave
Health Care Benefits
HR Careers
Change Management
HR Software
Termination
Artificial Intelligence
Leave Management
Privacy
Background Checks
Onboarding
Organizational Structure
Sexualy Harassment
Inclusion, Equity &
Talent Acquisition
Family & Medical Leave
Gender Identity
Career Development
Workplace Harassment
Records & Reports
Workers' Compensation
Employee Relations
Job Descriptions
Retaliation
Organization & Employee Development
Compensation & Benefits
Open Enrollment
Employee Data Privacy
Tags
Article
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis
Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...
This Thanksgiving - Give Thanks To All These People
This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...
Comments