Web Version [link removed] | Update Preferences [link removed] [link removed] California Employment Report
for October 2022 Highlights COVID-19 and the State Economy [[link removed]] Califormers Businesses: Update [[link removed]] Nonfarm Jobs: 30,800 Below Pre-Covid Peak [[link removed]] Job Change by Industry [[link removed]] Employment 239,900 Below Pre-Covid Level [[link removed]] Labor Force Participation Rate [[link removed]] Unemployment Rates by Legislative District [[link removed]] Unemployment Rates by Region [[link removed]] Employment Recovery by Region [[link removed]] MSAs with the Worst Unemployment Rates [[link removed]] COVID-19 and the State Economy
As discussed in our preliminary report [[link removed]] on the October data, the state’s recovery progress continued to be mixed. Nonfarm jobs finally reached a recovery point—defined by the pre-pandemic peak in February 2020—for nonfarm jobs, but also posted the third month in a row with a contraction in the number of employed. In all, California took 32 months to reach the jobs recovery benchmark.
Other states by giving a higher priority to rapid jobs recovery reached this point far earlier. For example, Texas passed this point in November 2021; Florida did so in October 2021. In all, the most recent data shows that the number of states exceeding the pre-pandemic job numbers rose to 25, while the number of states exceeding this recovery measure for employment dipped to 26.
The jobs recovery in California also varies across industries and wage level. Using the unadjusted numbers to show results by average wage level, recovery and now growth continues to be the strongest in the higher wage industries. The medium wage industries continue to track overall nonfarm trends. The lower wage industries, in contrast, still have yet to reach this recovery benchmark.
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]
