Posted 3/9/2024, 6:17:00 PM
California Jobs Still Lagging as Systemic Issues Weigh on Growth
- California's job growth trailing national average all year; state unemployment over 1% higher than national rate
- January saw promising job gains in California, but long-term trends still concerning
- Factors hurting CA job growth agriculture struggles, tech belt-tightening, small business closures
- Systemic issues like stringent regulations and high costs driving companies and people out of state
- Uneven recovery seen across CA; Southland faring better but Central Valley struggling most
