California’s pandemic-plagued economy perked up in October, as employers brought back tens of thousands of furloughed workers. A year earlier, California unemployment stood at 3.9%. Attesting to the roller-coaster nature of the virus’ labor impact, California jobs last month grew at twice the rate of the nation’s. Advertisement“We must be California dreaming,” said Loyola Marymount University economist Sung Won Sohn, of the larger-than-expected drop in joblessness. Technology companies, with many employees operating from home, continued to buoy Northern California, where San Francisco’s unemployment rate was 6.9% and joblessness in Santa Clara County, encompassing San Jose, was 5.9%.

Source: Los Angeles Times November 21, 2020 00:55 UTC