California exhibits a historically volatile job market, with an average layoff rate of 16% annually since 2005, ranking 34th nationally. The highest layoff rates in the U.S. are in states like Alaska at 26%. The state's unemployment rate averages 7.1% over the last 20 years, ranking it second among the states, which is considerably higher than the national median. Comparatively, economic rivals such as Texas and Florida have lower annual job cut rates of 15% and 16%, respectively.
California has a volatile job market, with an average annual layoff rate of 16% since 2005. This ranks 34th in the U.S. job loss frequency.
California's unemployment rate averaged 7.1% over the last 20 years, the second-highest in the nation, exceeding the national median.
Collection
[
|
...
]