General Category > Economy/Business
California leads nation in unemployment after slower job growth than anticipated
rangerrebew:
California leads nation in unemployment after slower job growth than anticipated
Story by Bradford Betz • 9h
California now has the highest unemployment in the nation, after new data revealed that job growth in the Golden State was much lower in 2023 than previously believed.
Data from the state Employment Development Department indicates California reached 5.3% unemployment last month.
Meanwhile, federal data showed that California added just 50,000 jobs between September 2022 and September 2023, far less than the 300,000 initially shown.
California lost 2.7 million jobs at the start of the coronavirus pandemic, thanks to Gov. Gavin Newsom's draconian stay-at-home order that forced many businesses to close. Since then, the state has added 3 million jobs, per the EDD.
https://www.msn.com/en-us/money/markets/california-leads-nation-in-unemployment-after-slower-job-growth-than-anticipated/ar-BB1ksDUO?ocid=msedgdhp&pc=HCTS&cvid=8e256f3c169841609a9f886c6d9dcd29&ei=58
LMAO:
Who would’ve thought taxing and regulating businesses to death and forcing them to other states would lead to high unemployment
Wingnut:
That 20 bucks an hour min wage sure drives employment gains.
GtHawk:
Hot Damn! Finally Noisome can crow about leading California to a first place, sadly as expected it's being first to reach the shitter...again 9999hair out0000 It seems that democrat governors are in a race to destroy their states and Noisome, along with his democrap supermajority are intent on being the winners 8888crybaby I just don't see anyway for California to ever come back to even a somewhat balanced representation........well without some sort of mini civil war :pondering:
LMAO:
--- Quote from: GtHawk on March 25, 2024, 04:22:47 pm ---Hot Damn! Finally Noisome can crow about leading California to a first place, sadly as expected it's being first to reach the shitter...again 9999hair out0000 It seems that democrat governors are in a race to destroy their states and Noisome, along with his democrap supermajority are intent on being the winners 8888crybaby I just don't see anyway for California to ever come back to even a somewhat balanced representation........well without some sort of mini civil war :pondering:
--- End quote ---
It would probably have to get so bad that even the wealthy progressives in California start feeling the effects of their policies
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