California's unemployment problem
Story by Martha McHardy • 20h
California's unemployment rate is the highest in the country, according to state data released on Friday.
The data shows that California's unemployment rate has reached 5.5 percent, up from 5.4 percent in June.
The Golden State's slowing job market mirrored the national economy, which saw 73,000 jobs added in July, lower than monthly job gains earlier this year and the downward revisions for May and June. Nonetheless, in July, California's rate was higher than the national unemployment rate of 4.2 percent.
Newsweek has contacted California Governor Gavin Newsom's office for comment via email.
Why It Matters
California's unemployment rate, among the highest in the nation, signals an uneven recovery and deeper structural challenges in its labor market compared to other states. In June, California and Nevada both posted jobless rates of 5.4 percent, followed closely by Michigan at 5.3 percent—all well above the national average of 4.1 percent.
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