{"id":12300,"date":"2025-06-25T02:03:08","date_gmt":"2025-06-25T02:03:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/12300\/"},"modified":"2025-06-25T02:03:08","modified_gmt":"2025-06-25T02:03:08","slug":"ca-lost-80k-jobs-in-2024-no-job-creation-in-fourth-quarter-california","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/12300\/","title":{"rendered":"CA lost 80K jobs in 2024, &#8216;no job creation&#8217; in fourth quarter | California"},"content":{"rendered":"<p dir=\"ltr\">(The Center Square) \u2014 The state-funded Legislative Analyst\u2019s Office <strong><a href=\"https:\/\/lao.ca.gov\/LAOEconTax\/Article\/Detail\/833\" rel=\"nofollow noopener\" target=\"_blank\">found<\/a><\/strong> California had \u201cno job creation\u201d in the fourth quarter of 2024, citing federal data that shows the state lost approximately 80,300\u00a0 jobs between January and December of 2024.\u00a0<\/p>\n<p dir=\"ltr\">The LAO\u2019s report also noted that jobs estimates have overestimated job growth by 25,000 jobs per month.\u00a0<\/p>\n<p dir=\"ltr\">\u201cSince mid-2022 \u2026 five out of six quarterly early benchmark revisions have shown weaker employment trends than first reported by the monthly survey,\u201d wrote the LAO. \u201cFor context, the monthly survey has overestimated net job growth by 25,000 jobs per month on average over this period.\u201d<\/p>\n<p dir=\"ltr\">The quarterly seasonally-adjusted benchmark <strong><a href=\"https:\/\/www.philadelphiafed.org\/surveys-and-data\/regional-economic-analysis\/early-benchmark-revisions\" rel=\"nofollow noopener\" target=\"_blank\">revisions<\/a><\/strong> by the Federal Reserve Bank of Philadelphia cited by the LAO incorporate the <strong><a href=\"https:\/\/www.bls.gov\/opub\/hom\/cew\/concepts.htm\" rel=\"nofollow noopener\" target=\"_blank\">Quarterly Census of Employment and Wages<\/a><\/strong>, which includes 95% of U.S. jobs, to \u201caugment\u201d the monthly Current Employment Statistics.<\/p>\n<p dir=\"ltr\">The latest dataset found that California jobs declined from 18,010,000 in January 2024 to 17,929,700 in December 2024 resulting in a net loss of 80,300 jobs over the course of the year.\u00a0<\/p>\n<p dir=\"ltr\">The early benchmark for the first quarter of 2025 suggests California has continued to lose more jobs than expected, though by April, jobs had nearly recovered to January levels. California had 17,909,000 jobs in January 2025, declining to 17,881,000 in March 2025.\u00a0<\/p>\n<p>Jobs sharply rebounded in April, rising to 17,898,600. It\u2019s likely ongoing jobs cuts at California\u2019s state and local governments, exacerbated by risks to federal funding, could result in losses in taxpayer-funded jobs. Because California has <strong><a href=\"https:\/\/www.thecentersquare.com\/california\/article_f5137af6-bba8-44e2-8af6-b9d98f714e3e.html\" rel=\"nofollow noopener\" target=\"_blank\">lost<\/a><\/strong> nearly 200,000 private sector jobs since 2023 \u2014 losses that were only offset by growth in taxpayer-funded jobs \u2014 layoffs or even reduced hiring in the taxpayer-funded sector, could have a significant impact on California employment.<\/p>\n","protected":false},"excerpt":{"rendered":"(The Center Square) \u2014 The state-funded Legislative Analyst\u2019s Office found California had \u201cno job creation\u201d in the fourth&hellip;\n","protected":false},"author":3,"featured_media":12301,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,276,79,420,606,766,67,132,68],"class_list":{"0":"post-12300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-california","10":"tag-economy","11":"tag-jobs","12":"tag-labor","13":"tag-unemployment","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114741549667268319","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/12300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=12300"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/12300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/12301"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=12300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=12300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=12300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}