California has one of the highest unemployment rates in the country, according to data from the U.S. Bureau of Labor Statistics.
California, the District of Columbia and Nevada are struggling with an unemployment rate above the national figure, while the Dakotas boast the lowest jobless market in the country, data from the U.S. Bureau of Labor Statistics showed on Friday.The U.S. labor market has demonstrated resilience despite borrowings costs that are at their highest in more than two decades.
California is still grappling with the effects of the pandemic-induced economic crisis, which may explain its high unemployment rate, according to experts. Nevada, whose economy is heavily reliant on tourism, was one of the hardest hit by the COVID-induced slowdown. In April 2020, the jobless rate in the state soared to 34 percent, and while the current rate is elevated, it illustrates the recovery the region has managed.On a monthly basis, some states saw their jobless rates grow.
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