California economy still staggering from COVID-19 shutdowns. And things could worsen [The Sacramento Bee]
California economy still staggering from COVID-19 shutdowns. And things could worsen [The Sacramento Bee] Dec. 18—California’s economy continues to struggle through the COVID-19 pandemic, enduring business shutdowns ordered by Gov. Gavin Newsom and embarrassing defections to Texas by some bright lights of Silicon Valley. On Friday, the Employment Development Department released the latest snapshot of the state’s economy: California’s unemployment rate fell eight-tenths of a point in November, to 8.2%. However, job growth totaled just 57,100, a little more than one-third as many jobs a...