California Unemployment Rate Remains Steady at 12.6 Percent
Updated : October 28th, 2022
Even though there have been reports of the unemployment rate of the Silicon Valley falling in April, the unemployment rate of California does not seem to be affected much. It remains unperturbed at 12.6 percent.
The reason for the fall in unemployment rate in Silicon valley has been due to the sharp fall of the unemployment rates in Santa Clara and San Mateo counties due to the hiring of techies. Santa Clara County recorded its lowest unemployment rate this year. Refer to California unemployment claims guide to learn more about state unemployment program.
But all this does not seem to affect California’s struggle. It still remains the third highest in the nation, just behind Michigan and Nevada. The worrying factor is that the state’s unemployment rate is well above the unemployment rate of the nation which has been 9.9. percent.
The only positive sign has been the hiring in tech manufacturing sector which could mean the companies have started spending on computer upgrades.
The updates on some job listing sites have shown that the increase in the number of full time job openings posted by the employers. After the recession set in, it was usually part time or contract workers being hired. But it looks like the confidence in the economy is coming back and hence the employers are looking for full time permanent workers.
There is a wide spread belief that the unemployment rate of California might budge only when the private sectors start hiring.
You can check out the unemployment benefits in California if you want to know more about the unemployment claims.Related Tags : CA, California, california unemployment, Silicon Valley, unemployment rate