41,400 new jobs added in California

41,400 new jobs added in California

May 22, 2022

421 Views

0 comments

Gradually returning to normal, California has now regained more than 91 percent of the 2.7 million jobs lost back when the first state-wide stay-at-home order forced many businesses to close at the start of the pandemic. 

Employers throughout the state have added 41,400 new jobs in April, bringing the state's employment rate to the lowest its been since the pandemic. The state showed some remarkably encouraging signs for its employers when its total labor force, that is people the number of people who other have jobs or are looking for jobs added 111,800 in April. California has 39 million residents accounting for more than 11% of the US population, this means that the economic health of California is an indicator of the economic state of the entire nation. From January 2021 to January 2022, California jobs have grown by 7.4% compared to the national average of 4.6%, says the California Employment Development Department. 

Having said that, experts do believe that there are troubling signs on the horizon, California's job growth, albeit encouraging, isn't what it could have been. As indicated by the nearly 1.28 million job openings at the end of March. Inflation is on the rise and home sales which had hit a record number in the beginning are starting to experience a rapid decline. New unemployment claims remain high with the state accounting for 24% of all the new jobless claims in the country.

Source: CBS Sacramento

Previous days news

Comments

    Article
    7 Signs That Tell You It’s Time to Quit Your Current Job

    Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...

    Driver Jobs to Watch Out For

    If you love being on the road, if you love driving with the wind rushing through your hair, if your ...

    Financial steps to consider before quitting your job

    Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...

    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 ...

    Show more news