Sources

4 Total Sources

California Jobless Rate Hits 5.3% as AI Boom and Iran Oil Shock Split Economy

Left67%

Center33%

Los Angeles Times2d ago

California's April Unemployment Hits 5.3% Amid Iran War Oil Shock and AI-Driven Layoffs

AI Layoffs Already Have Surpassed Last Year's Total. Tech Workers Are Being Cut First. - AOL

AI boom drives California growth but deepens job cuts

The U.S. economy added a robust 172,000 jobs in May, a sign that the labor market remained resilient despite a growing energy and inflation crisis triggered by the ongoing war with Iran.