According to the recent study conducted on California employment rate which clearly showed the previous ratio and a current ratio of employments. Now, the report shows that right after October, Southern management added 141,000 jobs for job seekers in all sectors and fields. But wait, here’s the real insights as the coronavirus was on its peak and the ongoing business restrictions linked to the pandemic leave. The district 639,300 workers left without availing of the job opportunities before contracting the coronavirus.
While, the steadfast data table, complete with government jobs numbers out on Friday, found that local chiefs had 7.22 million employees last month in the four counties covered by the Southern California News Group. This employment level, derived from a survey of employers, increased 2% from September. The number of jobs in the region remained only 92% of employment in February, the last time the economy was untied by the virus.
Furthermore, the report also showed that the unemployment rate in the region for October was 10.5% compared to 12.9% in the previous month and 4.1% in February. Southern California’s economy has been suffocating due to efforts to slow the spread of the Coronavirus.
Besides, the recent attempts to reopen the economy have been followed by a spike in virus cases and deaths. This week, Gov. Gavin Newsom implemented tighter trade restrictions and partial curfews to combat the resurgence of the virus. For your reference, the following sectors acquired more than 1000+ employees in the last few months which are as follows.
Arts, entertainment, and recreation: 118,100 jobs and real estate, construction, and finance: 487,200 jobs – an increase of 7,100 jobs in a month. Whereas, transportation/warehousing: 366,400 jobs – an increase of 6,800 in a month and many more sectors hired job seekers. Comment below to let us know your thoughts on it!