Posted 1/24/2024, 1:11:00 AM
California Job Growth Plummets 54% from Pre-Pandemic Levels, Drops to 3rd Nationally
- California experienced a 54% decline in job growth from pre-pandemic levels, falling from 1st to 3rd in national rankings
- Los Angeles County saw a 71% hiring slowdown, while San Francisco and Oakland areas declined 81% and 88% respectively
- California gained 640,300 jobs from 2019-2023, recovering all pandemic losses and adding more jobs
- Nationally, job growth slowed by 40% with a shortfall of 3.1 million jobs
- Only 10 states managed to accelerate hiring pace compared to pre-pandemic levels, led by Texas and Montana