state California city Sacramento Government bill Department Coronavirus state California city Sacramento

California's April jobless rate higher than Great Recession

Reading now: 703
www.clickorlando.com

SACRAMENTO, Calif. – California's unemployment rate nearly tripled to 15.5% in April as the nation's most populous state lost more jobs in one month from the coronavirus than it did during the Great Recession a decade ago, state data released Friday showed.

Just two months ago, California was boasting an unprecedented economic expansion as it added more than 3.4 million jobs over 10 years, accounting for 15% of the nation's job growth.

More than two-thirds of those gains were wiped out last month as the state lost 2.3 million jobs. California accounted for 11.4% of all jobs lost nationwide in April as the unemployment rate jumped 10.2 percentage points since March, the largest one month rise since 1976 when the state began using its

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA