If the unemployment rate is going down then why the massive exodus of people and jobs from the Golden State? Sacramento must be employing the same “fake” statisticians that are doing the national employment numbers every month.
RE: If the unemployment rate is going down then why the massive exodus of people and jobs from the Golden State?
It could be that those leaving the state could be the ones who are LOOKING for employment elsewhere. If the unemployed leave, it goes without saying that unemployment will fall.
It could also be that small business people are FLEEING the state for friendlier clime. That could explain the still near 10% unemployment in the state itself.
There is also one factor people fail to consider -— Do the Sacramento statistician follow the same way of counting the unemployed as the Dept. of Labor?
The DOL does not count the people who have GIVEN UP looking for work altogether. If the labor participation rate falls, the unemployment rate could fall too. This does not mean that people have found jobs. They have just given up.
Does California follow the DOL model of counting? If so, it is possible that there are thousands who have simply DROPPED OUT of the work force.