Cal­i­for­nia sees high­est unem­ploy­ment rates in the coun­try

California sees highest unemployment rates in the country

Cal­i­for­nia now has the high­est unem­ploy­ment rate in the coun­try, reach­ing 5.3%, accord­ing to data from the Employ­ment Devel­op­ment Depart­ment. 
At the begin­ning of the COVID-19 pan­dem­ic, Cal­i­for­nia lost 2.7 mil­lion jobs due to stay-at-home orders. Since then, Cal­i­for­nia has rebound­ed by adding 3 mil­lion jobs to its mar­ket, aver­ag­ing rough­ly 66,000 jobs per month.
How­ev­er, a recent data analy­sis found a dis­crep­an­cy between the num­bers. While fed­er­al data showed the state cre­at­ed 300,000 jobs between Sep­tem­ber 2022 and Sep­tem­ber 2023, the cor­rect­ed amount revealed that only 50,000 jobs were cre­at­ed dur­ing that peri­od.
“I think California’s econ­o­my is the lead­ing edge of the nation­al eco­nom­ic slow­down,” said Sung Won Sohn, a pro­fes­sor of finance and eco­nom­ics at Loy­ola Mary­mount Uni­ver­si­ty.
It can be chal­leng­ing to mea­sure job growth accu­rate­ly. The num­ber is based on a month­ly sur­vey of work­ers. Ini­tial num­bers showed …