California currently leads the nation in job losses, with a recent wave of layoffs particularly hitting the tech sector hard, according to the latest federal government data.
According to the Federal Reserve of Economic Data (FRED), some 482,700 residents of California lost their jobs since the beginning of this year, positioning the Golden State as the biggest job loser in the country. It was followed by Texas with 274,900 job cuts, then New York with 220,600, Illinois with 155,700, and Florida with 141,900.