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California’s unemployment rate rises to the highest level in the U.S.

  • California's unemployment rate, the highest in the country, was 5.3% in February due to job losses from the pandemic.
  • Job growth was overestimated, with data showing fewer jobs added in certain sectors.
  • The state is facing a large budget deficit, with discrepancies in estimates between the Newsom administration and the Legislative Analyst's Office.
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Associated Press NewsAssociated Press News
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California's unemployment rate is the highest in the nation. Slower job growth is to blame

SACRAMENTO, Calif. — California's unemployment rate is now the highest in the country, reaching 5.3% in February following new data that revealed job growth in the nation's most populous state

·United States
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New data shows that California's unemployment rate rose to 5.3% in February, the highest level of any US state, and non-farm work fell by 3,400. California's unemployment rate rose 0.1 percentage points from January, surpassing Nevada, which previously had the highest unemployment rate in the US. Nevada's unemployment rate fell from 5.3% to 5.2%, according to data released on Friday (March 22). The national unemployment rate in February was 3.9%…

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  • 47% of the sources are Center
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Spectrum News broke the news in United States on Friday, March 22, 2024.
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