California Unemployment Rises to 5.3% as Tech Layoffs Drive Job Losses

California's unemployment rate rose to 5.3% in February, the highest in the U.S. Layoffs in the tech industry contributed to the increase.

The state lost 9,600 construction jobs and 7,300 trade/transportation/utilities jobs in February. Healthcare gained 15,400 jobs.

High cost of living and tech layoffs are causing worker shortages and job losses, especially in entry-level roles.

The San Francisco metro area, including San Mateo County, lost 1,300 jobs in February. Losses in information and retail sectors.

Bay Area unemployment rates ranged from 3.7% in San Mateo County to 5% in Contra Costa County in February.