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
Educational Assistance
Workplace Culture
Health Savings Accounts
Privacy
Mentoring & Coaching
Labor Relations
Drug & Alcohol Testing
Organizational Structure
Employee Conduct
Salary Surveys
Promotion
Compensation & Benefits
Consultation
Business Acumen
Payroll
Sexualy Harassment
Leadership &
Analytical Aptitude
Employee Relations
Downsizing
Electronic Records Management
Change Management
Global Mindset
Bonuses & Incentives
Hiring & Firing
Health Care Benefits
Open Enrollment
Contemporary Issues
Sexual Orientation
Benefits Compliance
Cybersecurity
Environmental Health Hazards
Closing
Work Visas
Employee Resource Groups
Learning & Development
Substance Abuse
Age
Employment Offers
Raise
HR Careers
Disability Benefits
Workplance Violence
Affirmative Action
Organization & Employee Development
Opening & Closing
Talent Acquisition
Employee Surveys
Dependent Benefits
Tags
Article
Is It Time For Recruiters To Think Like Marketers?
About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...
How to Avoid Burnout in 2022
Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
Why Work With Staffing Agencies To Hire Your Temporary Workers
Recruitment is getting more challenging day by day. Layers of complexities have emerged with the pa ...
Comments