Independent Report: As Newsom Brags, All California Job Growth Is in Government
Description
California Governor Gavin Newsom touted the state’s job growth in his State of the State Address last week, but a new report from a state agency found the state’s private sector employment has been declining since 2022, with public sector hiring accounting for the entire state net increase in jobs. California’s state-funded, non-partisan Legislative Analyst’s Office found the private sector lost 154,000 jobs and the public and public-supported sector has gained 361,000 jobs since the peak of the state’s labor market in September 2022. This means on net, the state’s 207,000 job increase in employment since September 2022 has been from growing government-related hiring.
Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx
Full story: https://www.thecentersquare.com/california/article_694094b0-37fc-11ef-836d-bf00a60dae8d.html