There are days when we follow the news and feel as if we live in a parallel universe. What else can explain the very different news articles about California’s employment numbers?
On September 17, the state’s July unemployment rate was announced, and Governor Gavin Newsom’s reaction was very positive. Here’s what his press office announced: “California continues to lead the country’s economic recovery, creating 44% of the country’s new jobs in August, ranking third in the country in terms of employment growth this year. These 104,300 new jobs This is the fifth time this year has seen a six-digit employment increase and represents the new salary of new employees in California citizens and corporate salaries. “
First, it’s important to note that the numbers are correct, but the assumptions are incorrect. Yes, 44% of new job creation is true, but that rarely means that California is “leading the country’s economic recovery.”
This rosy view of California’s economic recovery is evidence of the old adage that there are three types of lies: lies, damned lies, and statistics. What’s missing in this release is both context and perspective.
For those who want a spin-free perspective on California’s true unemployment and other economic indicators, the California Employment Economic Center (CCJE) has created a comprehensive analysis that is far more clear than a politically-led press release. To do.
As if responding directly to the Governor’s statement, CCJE said before the July figures report: .. “
This report from the parallel universe, known as “reality,” points out what we all know — we are slowly rising from a great distance. “”[T]His condition has moved away from the first bounce from the depths of the recession, “CCJE continues. “The pace of the last few months has been positive, but it’s not what it means for the California economy and the overall health of its workers, but it comes from looking at the numbers individually. I’ve experienced it in the last three months. Continuing at rates alone will not bring non-farm employment back to pre-COVID trend levels until mid-2023. The slower rates experienced with employment will take another year. “
The governor’s press release does not mention overall unemployment, which is the most important indicator of all. There, California still has the second highest unemployment rate in the country. To make matters worse, data on the first unemployed bill just released showed a 46.9% surge in California bills in the week of September 18, accounting for half of the 15.2% increase seen across the country. It shows that.
The Governor’s Office needs to do “more work” to regain the work lost in the pandemic, while the numbers reveal “promising progress for California’s economic recovery.” Newsom’s claim of “promising progress” is like claiming “promising progress” as the Baltimore Orioles have lost only 104 games so far this season.
In addition to useful and easy-to-understand reports on California’s unemployment, CCJE also publishes other reports focusing on energy costs and housing issues, especially when California stands compared to other states. doing. The data is not promising. The CCJE Employment Report has a special section called “Califormer”. It consists of a list of up-to-date companies that either move entirely from California or move most of their business to other states.
Perhaps it is this part of the report that explains all the other disastrous data. His policies are burning California’s work while Newsom is tinkering with statistics.
Jon Coupal is President of the Howard Jarvis Taxpayer Association.
Newsom’s spin on jobless claims – San Bernardino Sun Source link Newsom’s spin on jobless claims – San Bernardino Sun