California adds jobs in January but unemployment rate worsens

(Getty Images) A sign with the logo of Facebook app owner Meta Platforms in the vicinity of the tech titan’s Menlo Park headquarters.

California produced sturdy job gains in January, a welcome increase that suggests the state has — so far — been able to withstand the effects of a dreary drumbeat of tech and biotech layoffs, a new report released Friday shows.

Statewide, employers added 96,700 nonfarm payroll jobs in January, starting off 2023 on a promising note.

The unemployment rate in California increased to 4.2% in January, up from 4.1% in December, the state Employment Development Department reported.

Gains in government

→ Continue reading at Mercury News

More from author

Related posts

Advertisment

Latest posts

TikTok is investing $1.5 billion to get back into online shopping in Indonesia | CNN Business

Jakarta — China’s TikTok will invest $1.5 billion to become controlling shareholder of an e-commerce unit of Indonesia’s GoTo Gojek Tokopedia, as it seeks to restart...

China has another massive headache now: It can’t stem deflation | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how...

Spotify slashes staff to move faster into AI – and Wall Street loves it | CNN Business

New York CNN  —  Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience,...