California

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
Andrew Moran
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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.

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."