after 8 years of persistent improvement: Is The California Unemployment Rate Rising Again?
- 06/20/19 02:40 PM
by Ben Wright
June 2019
After 8 years of persistent improvement, the California unemployment rate began to drift upward in January 2019. A rising unemployment rate typically indicates that business conditions are deteriorating and companies are slashing jobs, and once the unemployment rate begins to rise, the economy often falls into recession within a year.
So is the California labor market indicating that a recession is imminent? Will mass layoffs begin sometime in 2019 or 2020? Not necessarily. The unemployment rate is now increasing because there are abundant opportunities to find a job, wages are rising, and people who had given up … (0 comments)
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by Ben Wright
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