California Reduces Unemployment to Pre-Pandemic Levels, Has Created More Jobs Over the Past Year Than Any Other State

SACRAMENTO – California’s economic recovery continues to make incremental gains, with another month of five-figure job growth and the unemployment rate returning to pre-pandemic levels:

In May, California created 42,900 new jobs, and the unemployment rate went down to 4.3%

California has now regained 93 percent (2,565,100) of the 2,758,900 nonfarm jobs lost during March and April of 2020 due to the COVID-19 pandemic

Of the 390,000 U.S. nonfarm jobs gained in May, California accounted for 11 percent of them

At 869,300 jobs, California had the largest absolute year-over seasonally-adjusted job increase in the nation in May 2022

California has enjoyed month-over gains in nonfarm jobs in 15 of the past 16 months totaling a 1,481,800 job gain over that time period

###

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

California Reduces Unemployment to Pre-Pandemic Levels, Has Created More Jobs Over the Past Year Than Any Other State

Distribution channels:

EIN Presswire's priority is author transparency. We do our best to weed out false and misleading content. The content above is the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.