California's unemployment rate is now the highest in the country. The state's unemployment rate was 5.3% in February. That's higher than Nevada's 5.2% rate.
This doesn’t surprise me. A lot of tech companies that are located in California just had massive layoffs in 2024, which I would think is a significant contributor. Tiktok, Google, Amazon, Riot Games just to name a few.
This doesn’t surprise me. A lot of tech companies that are located in California just had massive layoffs in 2024, which I would think is a significant contributor. Tiktok, Google, Amazon, Riot Games just to name a few.