California's unemployment rate has fallen to 5.4% after employers added a surprising 138,100 jobs in February.
FILE - Prospective employers and job seekers interact during during a job fair on Sept. 22, 2021, in the West Hollywood section of Los Angeles. California's unemployment rate has fallen to 5.4% after employers added a surprising 138,100 jobs in February 2022. – California's economy roared to life in February as employers added a surprising 138,100 new jobs, accounting for more than 20% of all employment gains nationally.
California — the nation's most populous state with nearly 40 million residents — was the first to issue a statewide stay-at-home order at the start of the coronavirus pandemic. The state lost just over 2.7 million jobs in March and April of 2020 as its unemployment rate peaked at 16.1%.The new data made public Friday by the California Employment Development Department showed that the state has now regained 87.2% of the jobs that were lost.
"These latest numbers show that California is continuing to drive our nation's job growth," Democratic Gov. Gavin Newsom said. California's labor participation rate — the percentage of people of working age who either have a job or are looking for one — rose to 61.6% in February, the highest since November of 2020, according to Sung Won Sohn, a professor of economics at Loyola Marymount University.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California unemployment rate falls to 5.4% in FebruaryCalifornia's unemployment rate has fallen to 5.4% after employers added a surprising 138,100 jobs in February
Read more »
California unemployment rate falls to 5.4% in FebruaryData released Friday from the Employment Development Department show that California has regained 87.2% of the jobs that the state lost at the beginning of the pandemic in March and April of 2020.
Read more »
'A Staggering Jump' – California Adds 138,100 Jobs In February, Unemployment Drops To 5.4%California's economy roared to life in February as employers added a surprising 138,100 new jobs, accounting for more than 20% of all employment gains nationally.
Read more »
San Antonio-area unemployment falls further in FebruaryJobs in hospitality are surging back two years after the pandemic decimated tourism, a...
Read more »
Pa.’s unemployment rate falls to 5.1%The Pennsylvania Department of Labor & Industry said that the unemployment rate for February was down three-tenths of a percentage point over the month.
Read more »
San Diego County unemployment decreases to 4% in February, EDD reportsThe 4% rate was also down from the 7.9% rate in February 2021.
Read more »