"With the fourth quarter revision, calendar year 2023 saw essentially no net job growth (+9,000 jobs overall)"
lao.ca.gov
There were previous instances of California crowing about all the jobs they were adding each month. It turns out they were all adjusted down and away when the real numbers came in. Monthly numbers are reported via survey.
California would be a top 5 economy in the world if it was a sovereign country and they only added 9k jobs in all of 2023. Yet we're expected to believe that the US economy is robust and the envy of the world right now while the largest subnational component of the US economy isn't growing.
Newest Early Jobs Revision Shows No Net Job Growth During 2023 [EconTax Blog]
A newly released "early benchmark" of the official state jobs figures shows that payroll jobs declined by 32,000 from September 2023 through December 2023, whereas the official state tally showed growth of 117,000 jobs over that period. With the fourth quarter early revision, calendar year 2023...
There were previous instances of California crowing about all the jobs they were adding each month. It turns out they were all adjusted down and away when the real numbers came in. Monthly numbers are reported via survey.
California would be a top 5 economy in the world if it was a sovereign country and they only added 9k jobs in all of 2023. Yet we're expected to believe that the US economy is robust and the envy of the world right now while the largest subnational component of the US economy isn't growing.
