Opinion: California’s Economy Is Sluggish, and a Lack of New Housing Is the Most Likely Culprit ...Middle East

Times of San Diego - News
Opinion: California’s Economy Is Sluggish, and a Lack of New Housing Is the Most Likely Culprit
A building inspector at a construction site in San Diego. Image from city video California’s unemployment rate, 5.2% of its labor force in July, is no longer the nation’s highest after months of having that dubious distinction. While California’s July rate was unchanged from June, Nevada’s creeped ahead — or behind — with a 5.4% rate, so California is now tied with Illinois for second place among the states. The jobless rate translates into slightly over 1 million of California’s 19.4 million-person labor force being unemployed. The labor force is defined as adults of working age who either hold jobs or are seeking work. As high as it may be in relative terms, California’s un

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