California jobless rate below 7%; 1st time since March 2020
ABC News
California's unemployment rate has fallen below 7% for the fist time since March of last year at the start of the pandemic
SACRAMENTO, Calif. -- Hiring in California slowed significantly in November even as the state's unemployment rate dipped below 7% for the first time since the start of the pandemic in March 2020, according to new data released Friday.
Even though California’s unemployment rate fell to 6.9% in November from 7.3% in October, the state still has the highest jobless rate of all U.S. states, according to the data from the U.S. Bureau of Labor Statistics.
The data showed that California employers filled 45,700 new jobs last month. That's less than half of the jobs the state gained in October, but it was still enough to account for nearly 22% of all U.S. job growth in November.
California has added 977,200 new jobs since February, a feat Gov. Gavin Newsom called “an unprecedented achievement."
