BUSINESSLA TIMES — BUSINESS
Latest data show Californian conundrum: high growth but high unemployment
California's labor market is described as 'weak' with rising tech layoffs, despite the state's high economic growth. New data highlights the contradiction between growth and elevated unemployment.
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Adjacent reporting
- Jolts data shows US labour market is in stagnation not freefall
- California gained jobs in March as unemployment rate drops to 5.3%
- UK Unemployment Rises to 5% With Companies Shedding Jobs
- UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
- US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
- Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’