California’s tattered employment market is still completely healed from the pain caused by the coronavirus, as sketched by a federal report released Thursday showing that unemployment claims remain unusually high. not.
California workers filed an initial claim of 67,200 for unemployment allowance in the week ending October 9. This is an increase of 3,200 from the 64,000 bills filed in the week ending October 2.
Unemployment claims in California averaged 44,800 per week in January 2020 and February 2020, the last two months before state and local governments ordered a blockade to curb the spread of deadly bugs. It was a matter.
The 67,200 unemployed claims filed in California last week were 50% higher than the average reported in early 2020.
US claims fell to the lowest level since the pandemic began, dropping from 36,000 to 293,000, the second consecutive decline.
This is the lowest number of people applying for benefits since the week of March 14, 2020, when the pandemic intensified, with less than 300,000 first claims.
Layoff declines occur in the otherwise unusual employment market. Recruitment has slowed in the last two months, despite a record number of jobs posted by businesses and other employers. Companies are struggling to find workers as about 3 million people who have lost their jobs and stopped looking for jobs because the pandemic has not yet resumed searching for jobs. Economists hoped more people would find a job in September as schools were reopened, childcare restrictions were eased and unemployment assistance was strengthened nationwide.
However, the employer only added 194,000 jobs last month and no pick-up happened. On the bright side, the unemployment rate fell from 5.2% to 4.8%, partly because many unemployed people stopped looking for jobs and were no longer counted as unemployed. .. In September, the proportion of women working or looking for a job decreased, either because it was difficult to find childcare or because the school was disrupted by the outbreak of COVID-19.
The Associated Press contributed to this report.
California unemployment claims jump while US numbers fall – Press Telegram Source link California unemployment claims jump while US numbers fall – Press Telegram