Posted 3/25/2024, 9:27:13 PM
California Unemployment Soars as Tech and Hollywood Falter
- California now has the highest unemployment rate in the country at 5.3%
- California originally reported adding 300,000 jobs from Sept 2022-Sept 2023, but corrected data shows only 50,000 jobs added
- The tech industry boom during the pandemic may be slowing down, affecting Silicon Valley
- The 25,000 job Hollywood strike displaced part of California's economy that may take years to recover
- California had 1,027,000 people without jobs in February, up 165,400 from February 2023
