The California Labor Market Information Division (LMID) released its January 2022 report earlier today, later than per the usual schedule of the 3rd Friday of the following month, accommodating time for LMID’s annual recalibration of the data.
Not surprisingly, we had an increase in the unemployment rate, from 4.2% in December to 4.7% in January, generally the result of the layoff of holiday season workers that were hired in November and December.
All told, for the total of officially unemployed workers (by which we mean, not counting the several thousand workers that have dropped out of the labor force during the pandemic), we had a jump from 17,000 to 19,300. Of that increase by 2,300, it appears they were split about evenly between layoffs in Retail Trade and Leisure & Hospitality.