California’s labor market has spiraled from the loosest to the highest unemployment rate.

California has the loosest labor market in the country – started discussing the unemployment dynamic here back in August of 2023.

Now has highest unemployment rate and 6% fewer job postings than pre-Feb 2020.

Unemployment is rising in 10 largest counties. UR moving opposite… pic.twitter.com/m2MmviTeME

— Don Johnson (@DonMiami3) May 9, 2024