California Created 275,000 Fewer Jobs; Suffered Lowest Employment Growth in 2023

More Californians expect hard economic times ahead for the state.
California Created 275,000 Fewer Jobs; Suffered Lowest Employment Growth in 2023
A hiring sign posted in front of a Pet Food Express store in San Anselmo, Calif., on Nov. 3, 2023. Justin Sullivan/Getty Images
|Updated:
0:00

California created about 275,000 fewer jobs than estimated between September 2022 and September 2023, according to a new report.

Citing Bureau of Labor Statistics (BLS) data, the Legislative Analyst’s Office (LAO) found that the state added only 50,000 jobs in the 12-month period, down from initial estimates of 325,000.

Google LogoMark Us Preferred on Google
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."