I'll take a stab...I'd bet a large portion of it has to do with housing...

Posted by haighter on April 18, 2024, 18:12:46, in reply to "Whats up with that: California unemployment rate edition"

High interest rates and inflation in an already very expensive place have lead to less new housing and less big ticket purchases associated with housing. Construction trades and retail are down correspondingly. If you look at a place like San Francisco that doesn't have an economy driven as much by housing, our unemployment rate is down in the 3's as well as opposed to over 5%. But that's just my uneducated guess at an answer. Previous Message For the California posters here, seems odd that California under the great Gavin Newsom has an unemployment rate of 5.3% vs the 3.8% national rate. Meanwhile Florida sitting at 3.1%. Weird.

Most of them live in haighter's alcove.*

Posted by complainant on April 18, 2024, 17:58:01, in reply to "Whats up with that: California unemployment rate edition"

Previous Message For the California posters here, seems odd that California under the great Gavin Newsom has an unemployment rate of 5.3% vs the 3.8% national rate. Meanwhile Florida sitting at 3.1%. Weird.