Web Version [link removed] | Update Preferences [link removed] [link removed] Full California Jobs Report for November 2022

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

Highlights for Policy Makers COVID-19 and the State Economy [[link removed]] CaliFormer Businesses: Update [[link removed]] Nonfarm Jobs: 60,700 Above Pre-Covid Peak [[link removed]] Job Change by Industry [[link removed]] Employment 273,500 Below Pre-Covid Level [[link removed]] Labor Force Participation Rate [[link removed]] Unemployment Rates by Legislative Districts [[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]], the November data again indicates mixed results for the state’s recovery progress, but this time combined with a general slowing in the numbers. Nonfarm jobs remained above the pre-pandemic high, but at 26,800 was the second lowest monthly gain for the year and less than half the average monthly gain of 58,500 in the previous ten months of the year. The employment results were even weaker, with the loss of 42,700 representing the fourth month in a row with a contraction in the number of employed workers.

Broader labor shortages also continue to hold back potential jobs growth overall. The November data shows California’s labor force declining for the third month in a row, now at a point nearly 300,000 below the pre-pandemic peak. Demand for labor, however, remains elevated, with unfilled job openings still running near series highs even as companies especially in the tech industry have started to cut back on hiring plans.

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]