California’s hiring rate falls to lowest since 2010

California’s hiring rate falls to lowest since 2010

The weakness in California’s job market is not what you might think. In 2024, California bosses grew staffing by 131,000 workers, according to the Bureau of Labor Statistics. That was 15% slower than 2023’s job creation. Minus the pandemic era’s gyrations, it was the worst year for California employment since the post-Great Recession’s 115,600 decline in 2010. And, historically speaking, job growth was 15% below the average employment boost sinc…