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San Diego unemployment at lowest rate since COVID hit

Print San Diego County’s unemployment fell to 6.6 percent in November, its lowest level since the pandemic began, state labor officials said Friday. . However, the survey results are from the week ending Nov. 15, the day before the county was placed in the state’s most restrictive COVID-19 closure protocol, called the purple tier. That action moved restaurants, bars, gyms and movie theaters to outdoor-only and retail capacity was reduced. It is likely the unemployment rate will rise in the next report because of COVID restrictions placed on businesses. But the pace at which people went back to work in San Diego County gave some analysts hope. In May, the unemployment rate reached 15.2 percent, its highest ever since record-keeping for the county began in 1990.

California economy loses momentum amid COVID-19 surge

Hundreds of thousands of Californians dropped out of the workforce in November as businesses sharply curtailed the pace of hiring trends that economists suggest are growing ever more dire. Golden State employers added 57,100 jobs last month, bringing payrolls to a total of 16.19 million, California officials reported Friday. That was a dramatic slowdown from the previous month: In October, when hopes were high that the COVID-19 pandemic was abating, payrolls grew by 145,600. “This was the lowest job gain since the recovery began,” said Taner Osman, research manager at Beacon Economics, a Los Angeles consultancy. Given this year’s devastation, he said, “adding 57,000 jobs is a drop in the ocean.”

Welcome to Texas! : Musk s California departure stokes the states rivalry

Welcome to Texas! : Musk s California departure stokes the states rivalry
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