- California’s Share of Unemployed:
- California currently accounts for approximately 20% of the nation’s jobless claims, which is significantly higher than its 11% share of the labor force population.
- This indicates that a disproportionate number of unemployment claims are coming from California.
California in a jam after borrowing billions to pay unemployment benefits
"…20% of the unemployed happen to live in the state of California but they revised their data for the fourth quarter. It looks like recession probably set in last October or so. So we, we really are already in the thick of things."https://t.co/z91Lz6d6mi
— Danielle DiMartino Booth (@DiMartinoBooth) June 20, 2024