The Briefing Room

General Category => Economy/Business => Topic started by: rangerrebew on March 25, 2024, 09:34:24 am

Title: California leads nation in unemployment after slower job growth than anticipated
Post by: rangerrebew on March 25, 2024, 09:34:24 am
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
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: LMAO on March 25, 2024, 11:32:46 am
Who would’ve thought taxing and regulating businesses to death and forcing them to other states would lead to high unemployment
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: Wingnut on March 25, 2024, 12:54:48 pm
That 20 bucks an hour min wage sure drives employment gains.
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: 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:
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: LMAO on March 25, 2024, 04:26:36 pm
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:


It would probably have to get so bad that even the wealthy progressives in California start feeling the effects of their policies

Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: cato potatoe on March 25, 2024, 05:02:13 pm
They could regain their competitive standing if DC politicians imposed California laws on the whole country. 
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: DefiantMassRINO on March 25, 2024, 05:42:15 pm
Not that I am cynical nor sarcastic, but what are the chances Gov. Greaseball takes a position in the Cabinet if Biden wins?  I can't imagine Newsome hanging around to clean up his own mess in Cali.

https://www.politico.com/news/2024/03/25/california-budget-deficit-rookie-lawmakers-00148646 (https://www.politico.com/news/2024/03/25/california-budget-deficit-rookie-lawmakers-00148646)
Gavin Newsom is counting on budget rookies to solve a $38B problem
Just eight state lawmakers who served during the Great Recession remain in office — and none hold meaningful positions of power.

https://lao.ca.gov/Publications/Report/4850 (https://lao.ca.gov/Publications/Report/4850)
California lawmakers face a ballooning budget deficit
Under LAO Revenue Update, Budget Problem Grows by $15 Billion

https://calbudgetcenter.org/resources/qa-what-does-the-budget-shortfall-mean-for-california/ (https://calbudgetcenter.org/resources/qa-what-does-the-budget-shortfall-mean-for-california/)
Q&A: What Does the Budget Shortfall Mean for California?
A guide for state leaders and advocates navigating the 2024-25 state budget

https://calmatters.org/politics/capitol/2024/02/california-budget-deficit-balloons/ (https://calmatters.org/politics/capitol/2024/02/california-budget-deficit-balloons/)
California lawmakers face a ballooning budget deficit
Title: Re: California leads nation in unemployment after slower job growth than anticipated
Post by: GtHawk on March 25, 2024, 06:44:06 pm
Quote from: cato potatoe on March 25, 2024, 05:02:13 pm
They could regain their competitive standing if DC politicians imposed California laws on the whole country.
Um...emission controls on cars? California would regain their competitive standing if a whole lot of liberal/socialist/communists in the state decided to Jim Jones themselves, short of that  :shrug: