California State employers managed to add 41,400 non-farm jobs in April 2022. This is comparatively lower than 60,200 jobs added during March. However, the state’s unemployment rate dropped to 4.6 percent which is three points lesser than March’s unemployment rate.
Slowing jobs growth in April
California has the largest economy across the United States and the state managed to add around 10% of the U.S. non-farm jobs in April. The state’s Employment Development Department presented these number through a federal survey. U.S. employers added 428,000 jobs during April 2022. Moreover, the Golden State has managed to regain 91% of the lost jobs. The state lost 2.7 million jobs during April and March 2020. However, U.S. job growth seems to be slowing during the last couple of months. California State has witnessed the similar trend and has witnessed slowing job growth.
“California continues to lead the nation’s economic recovery, getting more people back to work and off the unemployment rolls than the rest of the country. But we know more work is needed to bolster the economy and help offset higher costs that families are dealing with right now—California’s record $97.5 billion surplus is going right back into Californians’ pockets and addressing our state’s most existential challenges, fostering growth and opportunity for all.” Governor Gavin Newsom said in his statement.
Similarly, California’s unemployment rate has also reduced to 4.6% during April. California’s unemployment rate is the lowest that it’s been since February 2020. The unemployment rate increased significantly due to imposition of restrictions. Currently, the state’s unemployment rate is still higher than the national average of 3.6%. Santa Clara County added 4,300 jobs in April. Whereas, the San Francisco-San Mateo region added 4,900 positions and the East Bay gained 2,100 jobs.
Leisure & hospitality sector gained employment
California’s leisure and hospitality employers led the employment growth in April. The sector added 21,100 new jobs. Similarly, professional and business services came second with 11,400 new jobs. However, there were 11 industry sectors which lost jobs during April. The construction industry lost 13,200 jobs. Unexpected rain spells appear the reason behind this significant job loss.
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