California Unemployment Rises to 5.5%, Highest in the U.S., Amid Tech Sector Weakness
By
littlexsparkee
9mo ago· 3 min readenNews
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Summary
California's unemployment rate rose to 5.5% in July, the highest among U.S. states, driven by weakness in the tech sector and sluggish hiring. The state added only 15,000 net jobs, reflecting ongoing economic challenges.
Key quotes
· 3 pulledCalifornia’s unemployment rate rose to 5.5% in July, the highest among U.S. states.
The state added a net 15,000 jobs, pushing the unemployment rate up 0.1 percentage point from June.
It’s brutal out there.
California unemployment rises to 5.5%, worst in the nation, as tech falters: “It’s brutal out there.”
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