California is in a precarious economic spot.
A year ago, the state was poised to add nearly 200,000 jobs, and the economy has been recovering.
But as Trump takes office on January 20, the unemployment rate will top 10% for the first time.
That’s the highest rate in decades and more than a third of California’s residents are either working part-time or looking for work.
What happens when Trump leaves?
If Trump leaves, the economy will be plunged into recession.
But the state’s unemployment rate would likely continue to climb as a result.
According to a recent report by the U.S. Bureau of Labor Statistics, the economic impact of Trump’s presidency will likely be limited.
The economic recovery will be uneven.
While there is a strong recovery, a lot of the good jobs that were created are no longer in California.
According the report, the jobs created by the state were worth $11.4 billion in 2019.
Thats less than the $18.4 trillion that the country’s economy generated in the same year.
So what is the economy really doing?
California has seen a sharp decline in the amount of people who are working, according to data from the Bureau of Economic Analysis.
According a new report from the Economic Policy Institute, California has lost nearly 2.3 million jobs in the past four years, a rate of 0.6% per year.
In contrast, the nation’s economy has gained over 2 million jobs each year since 2000.
The state is in the midst of the biggest job growth in its history.
In 2019, California added 2.7 million jobs.
How do you stop the economic decline?
California is the largest state in the nation to have a growing economy, but the state is not immune to economic challenges.
The recession in the U