Latest Sung Won Sohn News

California adds jobs in May; economy shows signs of weakness

Jun. 17, 2022 17:35 PM EDT

SACRAMENTO, Calif. (AP) — California posted another strong jobs report on Friday as the unemployment rate fell to its lowest point since before the pandemic; but the news was overshadowed this week by the surest signs yet of a wobbly economy that could soon usher in a recession. ...

California adds new jobs as economy shows signs of slowing

May. 20, 2022 14:49 PM EDT

SACRAMENTO, Calif. (AP) — California employers added 41,400 new jobs in April, dropping the state's unemployment rate to the lowest its been since the start of the pandemic following 14 consecutive months of growth. The nation's most populous state has now regained more than 91% of...

California growth continues in March despite labor shortage

Apr. 15, 2022 17:50 PM EDT

SACRAMENTO, Calif. (AP) — California employers added 60,200 jobs in March as the number of unemployed people in the nation's most populous state dipped below 1 million for the first time since the start of the pandemic. March 2020 was the start of unprecedented job losses in...