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

May 9, 2024 9:48 pm by CWR

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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

See also FOMC Minutes: "The staff provided an update on its assessment of the stability of the U.S. financial system and, on balance, continued to characterize the system's financial vulnerabilities as notable." "Hedge fund leverage reached its highest level since 2013." Ruh-roh...

See also 10,000 U.S. hotel workers strike for better wages as Labor Day draws near.... AT&T is on strike as well

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