California’s Economy Has Been Pinched by Unemployment

California’s unemployment rate is usually above the U.S. average because of its young and fast-growing work force, but in the early part of the pandemic recovery, the gap was smaller — 4 percent in …

It’s Monday. The Golden State’s unemployment rate remains stubbornly high. Plus, the Yimby movement isn’t just for liberals anymore.Tech layoffs. Hollywood strikes. Rural joblessness.For much of the past year, key parts of the California economy have looked a lot like our winter weather: dreary.While the state’s economy has long outpaced the economies of most nations, the unemployment rate in California has risen significantly over the past year — a topic I explored in a recent article about California’s economic outlook.The state’s 5.1 percent unemployment rate in December was a percentage point higher than a year earlier, and well above the national rate of 3.7 percent. The only state faring worse than California was Nevada, at 5.3 percent, according to recently revised figures from the Bureau of Labor Statistics.(The national rate rose to 3.9 percent in February; state-by-state figures for January and February aren’t available yet.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe.

See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news. The choice is up to you.