California Lagging in Job Growth Compared to National Rate
- California trailing U.S. in job growth and reporting higher unemployment
- 830,000 job openings in Dec 2023, down from 1.24 million a year prior
- California job openings rate 4.4% vs national 5.4% in Dec 2023
- Factors like high costs and regulations making business difficult
- Tech workforce reductions and entertainment union strikes slowing recovery