California Creates Jobs in May; economy shows signs of weakness | app


SACRAMENTO, Calif. (AP) — California released another strong jobs report Friday as the jobless rate fell to its lowest level since before the pandemic; but the news was overshadowed this week by the surer signs of a faltering economy that could soon usher in a recession.

Employers added 42,900 new jobs in May, bringing the unemployment rate down to 4.3%. It is the lowest rate since the 4.1% reached in February 2020, just before the country’s most populous state closed many businesses due to the coronavirus and lost more than 2.7 million. jobs.

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