41,400 new jobs added in California
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
Category
Workplace Culture
Employee Resource Groups
Hiring
Firing
Policies & Practices
Employee Conduct
Work Visas
Employee Data Privacy
Learning & Development
Compensation & Benefits
Workplace Harassment
Mental Wellness
Business Continuity
Opening
Business Acumen
Employee Handbooks
Labor Relations
Employee Surveys
Onboarding
Sexual Orientation
Contracts & RFPs
Investigations
Employment Contracts
Privacy
Disaster Preparation & Response
Relationship Management
Sexualy Harassment
Paid Leave
Pay Equity
Workers' Compensation
Social Media
Workplance Violence
Employment Branding
Flexible Spending Account
Cybersecurity
Raise
Termination
Disability Accomodations
Discrimination
Downsizing
Leadership &
Records & Reports
Workplace Stories
Change Management
Emergency Response
Employee Engagement
Background Checks
Wellness Benefits
Ethical Practice
Leave Management
Tags
Article
Know the Work Habits of Highly Effective Employees
The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
You Think You Have Earned It? Here is How to Ask for a Promotion
Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
Comments