September 20, 2021 CFSI Staff

Unemployment rate stagnant: Why many Californians aren’t back at work

The numbers are irrefutable: Many Californians aren’t going back to work.

Although the Golden State created a whopping 44% of the nation’s new jobs last month, its unemployment rate remained the second-highest in the country at 7.5%, according to figures released Friday by the state Employment Development Department. That’s essentially unchanged from the 7.6% unemployment rate California notched in both July and June — and hardly different from the 7.7% rate in May, a month before the state ended most coronavirus restrictions and fully reopened its economy

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