Finding a job in California is still hard because there isn’t much new in the job market, even though some areas like healthcare are doing okay overall things are tough because everything costs a lot and there are too many rules.
California‘s Job Market Struggles with Slow Growth and High Unemployment – Despite Bright Spots in Healthcare Sector
According to the published article in the Los Angeles Times, finding a job in California is still tough, as the state’s job growth has been slow, and its unemployment rate is the highest in the U.S. at 5.3%. While the country gained job markets in April, California only added 5,200 with industries like manufacturing and information seeing losses. The job market is tough because now there are 140 unemployed people for every 100 job openings, a big change from before.
One bright job market spot is the healthcare and social assistance sector which added 10,100 jobs in April. It’s been growing steadily, adding about 155,000 jobs in the past year. But worries remain for other sectors like movie making and farming which still face problems making California’s economic future uncertain.
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California’s Job Market Stagnates: 5.3% Unemployment Rate, 140 Unemployed for Every 100 Job Openings, and Only 5,200 Jobs Added in April (PHOTO: Corporate Finance Institute)
Economists Forecast Nationwide Job Growth Slowdown – Highlighting California’s Ongoing Struggles with High Costs and Regulatory Challenges
Furthermore, economists think job market growth will slow down nationwide, and California looks especially troubled because of things like high costs and too many rules. Even with efforts to help job seekers and investments in technology, finding work in California stays hard, making things tough for both businesses and workers.
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