Web Version [link removed] | Update Preferences [link removed] [link removed] California Employment Report

for March 2022

The Center for Jobs and the Economy has released our full analysis of the March Employment Report from the California Employment Development Department. For additional information and data about the California economy visit [[link removed]].

COVID-19 and the State Economy

As discussed in our preliminary analysis [[link removed]], the numbers for March again show mixed results. Nonfarm jobs slowed substantially from February, essentially returning to the relatively stable average seen in the period October through January. Even if continued at this level, however, jobs would be on course to surpass the pre-pandemic peak towards the end of the year.

Employment showed stronger numbers but continued to mostly offset the employment declines shown in the last two months of 2021. In all, monthly employment gains averaged about 5,000 less than job gains over the past 6 months, yet another indication that the recovery has yet to bring workers back into the labor force at levels required to sustain the expansion and offset the downward pressures on long-term income prospects seen in the pervasive long-term unemployment during the previous recovery from the Great Recession. While California ranks better on this metric than other recovery measures, 22 other states have already surpassed the pre-pandemic February 2020 labor force numbers.

Read the Report Online [[link removed]] The California Center for Jobs and the Economy provides an objective and definitive source of information pertaining to job creation and economic trends in California. [[link removed]] Contact 1301 I Street Sacramento, CA 95814 916.553.4093 If you no longer wish to receive these emails, select here to unsubscribe. [link removed]