California leads nation in unemployment after slower job growth than anticipated
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California now has the highest unemployment rate in the nation at 5.3%. Federal data shows that California added only 50,000 jobs between September 2022 and September 2023, much less than the initially reported 300,000. The state lost 2.7 million jobs at the start of the pandemic but has since added 3 million. California is also facing a multibillion-dollar deficit, estimated to be as high as $73 billion. In contrast, conservative states like Florida and Texas have lower unemployment rates and budget surpluses.
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