California's economy continues to struggle with the aftermath of the pandemic, showing an 81% decrease in job creation post-COVID compared to the five years before it. Employers added only 340,000 jobs since February 2020, significantly lower than the 1.82 million jobs created in the previous five-year period. Nationally, job growth declined overall, but California's health and social care sector has seen growth, adding 481,000 jobs due to an aging population. In contrast, other sectors have not fared as well, highlighting a varied impact across industries.
California's economy is suffering an extended pandemic hangover, as statewide job creation cooled 81% after coronavirus upended the business climate.
The number of jobs created during the pandemic era is far less than what Californians witnessed in the previous five years.
By the way, a hiring slowdown was not just a California thing.
Health and social care is the only sector thriving, adding 481,000 workers, benefiting from the aging population.
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