Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Unemployment rates in California are falling as jobs add up despite the pandemic

Unemployment rates in California are falling as jobs add up despite the pandemic



California has regained more than a third of the 2.6 million off-farm jobs the country’s most populous country lost to the coronavirus pandemic in March and April, government officials said Friday. The leisure and hospitality sector accounts for half of the total profit of 96,000 jobs after experiencing the biggest loss of a month in August as restaurants, hotels and other hospitality businesses benefited from easing government restrictions, designed to slow the spread of the virus. Retail also recovered, driven by more jobs in clothing and accessories stores. Overall, seven of the 11 industrial sectors improved in September, with the unemployment rate falling to 1

1%, the California Department of Employment said. They revised their data from August to add another nearly 12,000 jobs to the previously added about 100,000 jobs at the time. Earlier, it reported an unemployment rate of 11.4% in August, but revised it to 11.2% on Friday. Profits, especially in the restaurants, hotels, retail and construction sectors, are welcome news showing that at least some jobs are returning, said Michael Bernik, a former director of the state’s employment development department and a lawyer for Dwayne Morris. Further, the good news is that profits are reported across the country, he said. But Bernick said the “very positive” reports contradicted the economic follower from Harvard and Brown Universities, which showed no improvement since Aug. 1, and that local labor boards reported very little new hiring. He suspects that the answer is that “California employers are slowly returning some of their former workers, but are not committing to new rents.” The biggest loss in September was in government jobs, mainly after the U.S. census closed temporary workers. places. Thursday was the last day people filled out their census forms. However, state and local authorities have so far largely avoided layoffs. September marked the second consecutive month of March that the unemployment rate fell below the 12.3% high water level set in 2010 during the Great Recession. Nearly 16 million jobs in the United States were about 1.5 million less than a year ago before the virus derailed the economy. The decline of 8.5% in California from a year ago exceeds 6.4% for the country as a whole. The public sector for recreation and hospitality is still reducing by nearly 580,000 jobs compared to a year ago, which is the biggest loss for the year of all sectors. The recent increase is encouraging, said Sung Won Son, a professor of finance and economics at Loyola University in Marrymount, but noted that most of the jobs won were in relatively low-paid service jobs, “which shows that the economic impact of the jobs won is not so great. ” . But the pandemic has also accelerated migration to other states with lower taxes and less regulation, and said the state’s economic prospects remain uncertain. Los Angeles County, the most populous in the country with more than 10 million inhabitants, continues to lag behind the rest of the state with 15.1% unemployment due to its high dependence on services and entertainment and a large number of small businesses owned by minorities. California, home to nearly 40 million people and the world’s fifth-largest economy, lost more than 2.6 million jobs in March and April as the government ordered businesses to close and people to stay home to slow the spread. of the coronavirus. The virus has killed more than 16,800 Californians. The state unemployment system is hampered by one-month delays, unanswered telephones and fraudulent demands, forcing the state to impose a two-week “reset” in late September. She stopped processing all new claims while installing a new authentication system from ID.me, a Virginia-based company. The department said it has since reduced the backlog by about a third for initial claims and about a quarter for ongoing claims, but officials said it could be January before the backlog was removed. So far, the state has paid $ 101 billion in unemployment benefits to workers affected by the pandemic. About half of that is in regular benefits provided by the state, which are now more than twice as much as the state paid during the three worst years of the Great Recession combined.

California has regained more than a third of the 2.6 million off-farm jobs the nation’s most populous country lost to the coronavirus pandemic in March and April, state officials said Friday.

The leisure and hotel sector accounted for half of the total profit of 96,000 jobs, having suffered the biggest month-on-month loss in August as restaurants, hotels and other hospitality businesses benefited from easing government restrictions to slow the spread of the virus.

Retail also recovered, driven by more jobs in clothing and accessories stores.

Overall, seven of the 11 industrial sectors improved in September, reducing unemployment to 11%, according to the California Department of Employment Development.

The department revised its August figures to add nearly 12,000 more jobs to what previously said about 100,000 jobs were added at the time. He previously reported an unemployment rate of 11.4% in August, but revised it to 11.2% on Friday.

Profits, especially in restaurants, hotels, retail and construction, are welcome news showing that at least some jobs are returning, said Michael Bernik, a former director of the state’s employment development department and a lawyer for Dwayne Morris. It is also good news that profits are reported across the country, he said.

But Bernick said the “very positive” reports contradicted the economic follower from Harvard and Brown Universities, which had shown no improvement since Aug. 1, and that local labor boards reported very few new hires. He suspects that the answer is that “employers in California are slowly regaining some of their former workers, but not committing to new rents.”

The biggest loss in September was in government jobs, mainly after the US census closed temporary jobs. Thursday was the last day people filled out their census forms. However, state and local authorities have so far largely avoided layoffs.

September marked the second consecutive month since March that the unemployment rate fell below the 12.3% high water level set in 2010 during the Great Recession.

Nearly 16 million jobs in the United States were about 1.5 million less than a year ago before the virus derailed the economy. The decline of 8.5% in California from a year ago exceeds 6.4% for the country as a whole. The public sector for recreation and hospitality is still reducing by nearly 580,000 jobs compared to the previous year, which is the largest loss for each sector during the year.

The recent increase is encouraging, said Sung Won Son, a professor of finance and economics at Loyola Marymount University, but noted that most of the jobs won were in relatively low-paid service jobs, “which shows that economic the impact of the jobs won is not so great. “

However, the technology sector has added 15,700 new jobs, and he predicts that California will “be a big winner” as the economy as a whole continues to move to remote work, online shopping and digital streaming. But the pandemic has also accelerated migration to other countries with lower taxes and less regulation, and said the country’s economic prospects remain uncertain.

Los Angeles County, the most populous nation with more than 10 million inhabitants, continued to lag behind in the rest of the state with 15.1% unemployment due to its high dependence on services and entertainment and a large number of minorities owned by small businesses.

California, home to nearly 40 million people and the world’s fifth-largest economy, lost more than 2.6 million jobs in March and April when the government ordered businesses to close and people to stay home to slow the spread of the coronavirus. . The virus has killed more than 16,800 Californians.

The state unemployment system is hampered by one-month delays, unanswered telephones and fraudulent demands, forcing the state to impose a two-week “reset” in late September. He stopped processing all new claims while installing a new authentication system from ID.me, a Virginia-based company.

The department said it has since reduced the backlog by about a third for initial claims and about a quarter for ongoing claims, but officials have said it could be January before the backlog is closed.

So far, the state has paid $ 101 billion in unemployment benefits to workers affected by the pandemic. About half of that is in regular benefits provided by the state, which are now more than twice as much as the state paid during the three worst years of the Great Recession combined.


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