What is the current unemployment rate in California?
While most states remained fairly static from last month, California did improve very slightly from 7.6% to 7.5% unemployment. The ten states with the highest unemployment are Democrat-run States:
Which state has the highest unemployment rate in the US?
Based on the latest monthly jobs report from the BLS, that of December 2021, the state with the highest unemployment rate is California, with an unemployment rate of 6.5%.
How many people are out of work in California?
Parry is one of roughly 1.4 million Californians who are out of work and looking for jobs. In October, according to the U.S. Bureau of Labor Statistics, the state recorded a 7.3% unemployment rate, the highest in the country, a distinction California shares with Nevada. October’s national unemployment rate is several points lower, at 4.6%.
Which state is the highest unemployment rate?
The next lowest rates were in New Hampshire and Utah, 2.0 percent each. The rate in Louisiana, 3.5 percent, set a new series low (all state series begin in 1976). The District of Columbia had the highest unemployment rate, 5.1 percent, followed by New York, 4.7 percent.
Does California have high unemployment rate?
California's July 2022 unemployment rate of 3.9 percent is the lowest ever on record in a data series that dates back to 1976. The state has now regained 97.3 percent (2,685,100) of the 2,758,900 nonfarm jobs lost during March and April of 2020 due to the COVID-19 pandemic.
What is California's unemployment rate right now?
All 50 states and the District had jobless rate decreases from a year earlier. The national unemployment rate ticked up to 3.7%, but was still 1.5 points lower than in August 2021....August Unemployment: Stable in 34 States, Up in 16 States.StateCaliforniaApril4.6May4.3June4.2July3.950 more columns•6 days ago
Why is CA unemployment so low?
The biggest reason for the decline in the unemployment rate is large number of new jobs added in July. But another factor is 23,400 people stopped looking for work in July, reducing the state's labor force.
Why is unemployment in California so high?
The unemployment numbers, he said, are probably inflated by fraud. The state's program was plagued with widespread fraud in 2020 and 2021, but the Employment Development Department, which manages the unemployment insurance program, has taken strong steps to curb abuse.
What state has the most job opportunities 2022?
Here are the 10 states with the highest rates of employment:South Carolina - 98.00%Utah - 98.00%Vermont - 98.00%Alabama - 97.00%Florida - 97.00%Georgia - 97.00%Hawaii - 97.00%Idaho - 97.00%More items...
What is minimum wage in California?
$15.00/hourThe minimum wage in California is currently $15.00/hour for employers with 26 or more employees, and $14.00/hour for employers with 25 or less employees. Some cities and counties have higher minimum wages than the state's rate. UC Berkeley maintains a list of City and County minimum wages in California.
What rank is California's economy?
The economy of the State of California is the largest in the United States, with a $3.4 trillion gross state product (GSP) as of 2021. It is the largest sub-national economy in the world. If California were a sovereign nation (2022), it would rank as the world's fifth largest economy, behind Germany and ahead of India.
What country has highest unemployment?
Here are the 10 countries with the highest rates of unemployment:South Africa - 29.20%Djibouti - 26.10%Equatorial Guinea - 25.00%Botswana - 24.90%Grenada - 22.90%Eswatini - 22.70%Lesotho - 22.40%Gabon - 20.40%More items...
Are people still collecting unemployment in California?
Federal Unemployment Benefits Have Ended Federal unemployment benefit programs under the CARES Act ended on September 4, 2021. You will no longer be paid benefits on the following claim types for weeks of unemployment after September 4: Pandemic Unemployment Assistance (PUA)
What percentage of California is employed?
At 60 percent, California ranks 30th among state employment-to-population ratios in the nation.
What is the maximum unemployment benefit in California 2022?
$450Unemployment Insurance (UI) The 2022 taxable wage limit is $7,000 per employee. The UI maximum weekly benefit amount is $450. The UI tax rate for new employers is 3.4 percent (. 034) for a period of two to three years.
Which county in California has the highest unemployment rate?
Colusa CountyThe counties reporting the highest unemployment are Colusa County at 7.9% and Imperial County (14.2%) with traditionally high unemployment due to seasonal work....California Unemployment Rate by County.COUNTYUnemployment RateSan Luis Obispo2.50%Napa2.60%Sonoma2.60%El Dorado2.70%54 more rows•May 6, 2022
What percentage of California is employed?
At 60 percent, California ranks 30th among state employment-to-population ratios in the nation.
Is California's economy booming?
The California economy may seem healthy on the surface, with home prices soaring, Silicon Valley booming and the state government posting big multi-year state budget surpluses thanks to a massive surge in capital gains tax revenues and income tax revenues from tech stocks.
What state has the highest unemployment rate 2019?
North DakotaUnemployment Rates for StatesState2019 rateRankUnited States3.7North Dakota2.11Vermont2.32Hawaii2.5350 more rows•Mar 2, 2022
Which state has the lowest unemployment rate?
The top states have very low unemployment, with Nebraska at the lowest at 2.2%.
Why are jobs rising in red states?
Jobs are rising and unemployment is lower in states with Red states largely because these states reopened early from the COVID lockdowns, or did not shut everything down. And these states are not paying residents to sit home and collect unemployment or welfare checks as California has done, right up to the recall election.
Which State Has the Highest Unemployment Rate?
Based on the latest monthly jobs report from the BLS, that of December 2021, the state with the highest unemployment rate is California, with an unemployment rate of 6.5%.
States With the Highest Unemployment Rate in 2022
Here’s a look at the states with the highest unemployment rates based on annual averages for 2021. There’s a three-way tie for the No. 1 spot as the state with the highest unemployment rate at 7.7%. Below are the 10 states with the highest unemployment rates based on 2021 annual averages:
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California unemployment peaked at 16% in April 2020, before very gradually falling over the course of the pandemic. However, with a December 2021 unemployment rate of 6.5%, California’s unemployment is still significantly higher than December 2019’s unemployment rate of 4.2%.
Why is California's jobless rate bouncing back more slowly?
Even pre-pandemic, California’s overall unemployment rate was usually slightly above the national rate. But the fact that so many Californians work in the leisure and hospitality industries — which saw massive layoffs at the beginning of the pandemic — contributes to the state’s lagging employment recovery now.
But aren't employers struggling to fill jobs?
Yes. Walk down any commercial strip in a California city and there’s a decent chance you’ll see a "Now Hiring" sign in a restaurant or shop window. Employers have been offering cash bonuses and beefed-up benefits to fill empty positions.
It's not all bad
Compared to California’s jobs recovery after the Great Recession — when unemployment peaked around 12.6% and took more than four years to get down to the state’s current 7.3% unemployment rate — the state’s post-pandemic recovery has been a roaring success.
When will the unemployment rate come down?
A May 2021 report from the Department of Finance projected that California’s unemployment rate would return to pre-pandemic levels in 2024.
