California's economy is grappling with a notable slowdown in job creation, experiencing an 81% decline since the pandemic began. Over the past five years, employment has only increased by 340,000 jobs, while 1.82 million jobs were added in the five years preceding February 2020. This stark contrast highlights the difficulties businesses face amid ongoing pandemic-related challenges. Additionally, while job creation has decreased nationally, California's health and social care sector has thrived, driven by an aging population and increased demand for medical services, adding 481,000 jobs in the last five years.
California's job creation has drastically slowed down, reflecting an 81% decline in the pace of job growth post-pandemic, raising concerns about economic recovery.
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