{"id":66935,"date":"2025-11-23T22:34:07","date_gmt":"2025-11-23T22:34:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/66935\/"},"modified":"2025-11-23T22:34:07","modified_gmt":"2025-11-23T22:34:07","slug":"jobs-soar-but-california-slumps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/66935\/","title":{"rendered":"Jobs soar \u2014 but California slumps"},"content":{"rendered":"<p>Thursday\u2019s jobs report suggests the US economy is much stronger than expected \u2014 but California lags behind the rest of the nation.<\/p>\n<p>Delayed over six weeks by the government shutdown, the report showed that the US economy created <a href=\"https:\/\/nypost.com\/2025\/07\/27\/business\/california-20-minimum-wage-cost-state-thousands-of-jobs\/\" rel=\"nofollow noopener\" target=\"_blank\">119,000 jobs in September.<\/a><\/p>\n<p>That blew away economists\u2019 consensus prediction of just 50,000, since summer months usually see slow job growth.<\/p>\n<p>Sure seems a sign \u201cthe Trump economic policies are actually working,\u201d as Vice President JD Vance put it.  <\/p>\n<p>Not so, the progressive economic policies of <a href=\"https:\/\/nypost.com\/2025\/11\/21\/us-news\/rep-eric-swalwell-seemingly-used-dc-house-for-california-governor-campaign-launch\/\" rel=\"nofollow noopener\" target=\"_blank\">Gov. Gavin Newsom\u2019s <\/a>California.<\/p>\n<p>The Golden State has had the nation\u2019s highest unemployment rate for several months running. And, as The Post <a href=\"https:\/\/nypost.com\/2025\/11\/18\/opinion\/cal-affordability-newsom-leads-the-nation-in-inflation\/\" rel=\"nofollow noopener\" target=\"_blank\">pointed out<\/a>, Cali also leads the nation in inflation, with prices rising a whopping 4.0% in San Diego.<\/p>\n<p>Nor is Newsom\u2019s California joining in the jobs boom. Per to the latest data (from August), the state\u2019s year-on-year employment growth <a href=\"https:\/\/nypost.com\/2024\/10\/28\/business\/california-job-openings-fall-30-this-year-amid-minimum-wage-hikes\/\" rel=\"nofollow noopener\" target=\"_blank\">is just 0.39%<\/a> \u2014 far behind the national average of 0.91%.<\/p>\n<p>Several Cali metro areas also suffered annual job losses \u2014 including San Francisco, despite its supposed AI-driven revival.<\/p>\n<p>The nonpartisan state Legislative Analyst\u2019s Office said this week: \u201cCalifornia businesses have pared back hiring, resulting in no payroll job growth in the state so far this year.\u201d<\/p>\n<p>And a Public Policy Institute of California survey found that more than eight in ten adults call the lack of well-paying jobs a \u201cbig problem\u201d (28%) or \u201csomewhat of a problem\u201d (58%).<\/p>\n<p>That\u2019s no surprise to anyone who has walked past the abandoned shops along the Third Street Promenade in Santa Monica, or the deserted department stores of San Francisco\u2019s Union Square.<\/p>\n<p>Any employer in California can tell you why <a href=\"https:\/\/nypost.com\/2025\/10\/02\/business\/after-firing-fewer-workers-us-companies-plan-lowest-hiring-since-2009\/\" rel=\"nofollow noopener\" target=\"_blank\">it\u2019s almost impossible<\/a> to create jobs in the state.<\/p>\n<p>Rouben Gregorian of El Segundo-based Charter Space, a venture-backed space fintech company, says that while tech companies still launch in California, many leave as soon as they grow beyond the startup phase.\u00a0<\/p>\n<p>\u201cThe problems are high taxes, heavy regulations, and the sheer cost of real estate,\u201d he says, noting that other states have a far more welcoming approach toward growing companies.<\/p>\n<p>These problems didn\u2019t start with Newsom.<\/p>\n<p>\t\t\t\t\t\t\tGet opinions and commentary from our columnists\t\t\t\t\t\t<\/p>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tSubscribe to our daily Post Opinion newsletter!\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n<p>Gov. Jerry Brown before him also watched companies leave, dismissing the exodus: \u201cSmart people figure out how to make it.\u201d<\/p>\n<p>Newsom has inherited that condescending attitude: He boasts that California has the world\u2019s fourth-largest economy \u2014 without noting that it also has the highest poverty and inequality in the nation.<\/p>\n<p>California still attracts people with talent, ambition and ideas, but it won\u2019t create jobs unless it can hold on to growing companies.<\/p>\n<p>State finances are also suffering, facing a deficit of $18 million \u2014 the fourth straight year in the red.<\/p>\n<p>Instead of jetting off to climate change confabs in Brazil, maybe Newsom should focus on changing the climate for jobs at home.<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday\u2019s jobs report suggests the US economy is much stronger than expected \u2014 but California lags behind the&hellip;\n","protected":false},"author":2,"featured_media":66936,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,536,383,12161,457,6500,13934,36507,975,13895],"class_list":["post-66935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-donald-trump","tag-economy","tag-editorial","tag-gavin-newsom","tag-jd-vance","tag-jerry-brown","tag-jobs-report","tag-opinion","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/66935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=66935"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/66935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/66936"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=66935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=66935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=66935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}