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Unemployment Casts a Shadow Over California’s Economy

Posted on AllSides March 1st, 2024
From The Left
Philip Cheung for The New York Times

For decades, California’s behemoth economy has outpaced those of most nations, holding an outsize role in shaping global trends in tech, entertainment and agriculture.

While that reputation remains, the state has a less enviable distinction: one of the nation’s highest unemployment rates.

Nationwide, the rate is 3.7 percent, and in January, the country added 353,000 jobs. California’s job growth has been slower than the nationwide average over the last year, and the unemployment rate remains stubbornly high — 5.1 percent in the latest data, a percentage point higher than a year earlier and outpaced...

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