
Other 49 states’ labor force growth is 12 TIMES California
One common mistake when measuring employment or unemployment is to highlight a month by month comparison. These numbers are not an exact science, so the variance between two consecutive months can swing significantly in such short time frames. But here’s a full year comparison worth pondering:
In the last 12 months, labor force growth in the other 49 states has averaged a rate TWELVE TIMES HIGHER than vaunted California.
NOTE: “Labor force” is the government’s tally of people working, or looking for work.
In essence, CA seems to discourage people from looking for work in the Golden State. Others are leaving the state for better job prospects, or to reduce living costs. Net result – a static work force with little ability to meet employers’ additional personnel needs.
While CA is producing many new jobs, more and more people are dropping out of the state’s labor force. Even with increasing jobs, CA has a July state unemployment rate of 4.2%, while the national unemployment rate is 3.9%. CA unemployment is 8.8% higher than the average rate in the other 49… Read More