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California adds new jobs as economy shows signs of slowing

California Jobs
Posted at 11:58 AM, May 20, 2022
and last updated 2022-05-20 14:58:34-04

SACRAMENTO, Calif. (AP)  — California employers added 41,400 new jobs in April. The gain lowered the state's unemployment rate to 4.6%. That's the lowest it's been since the start of the pandemic.

California has now regained more than 91% of the 2.7 million jobs lost in March and April 2020.

That was the beginning of the pandemic when Gov. Gavin Newsom issued the nation's first statewide stay-at-home order.

California's labor force also increased in April, a sign more people are looking for work.

But there are troubling signs on the horizon.

Inflation remains high and home sales have slowed as interest rates have increased.