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WalletHub Study: California Employers have the 7th Smallest Hiring Struggle in the U.S.

With the labor force participation rate at 62.1%, one of the lowest rates in decades, WalletHub released updated data on 2022’s States Where Employers Are Struggling the Most in Hiring, plus expert commentary.

In order to see where employers are struggling the most in hiring, WalletHub compared the 50 states and the District of Columbia based on the rate of job openings for both the latest month and the last 12 months.

California Hiring Struggle Stats

  • Job openings rate during the latest month: 6.10%
  • Job openings rate in the past 12 months: 6.55%
  • Overall rank: 7th smallest hiring struggle in the country

During the COVID-19 pandemic, millions of Americans lost their jobs and experienced financial difficulties due to unemployment. Now, for many employers, the shoe is on the other foot. Lots of businesses are struggling to hire enough workers, which has sometimes led to delays in services and reduced business hours. In fact, the labor force participation rate has experienced the slowest recovery of any recession since World War II. Some businesses aren’t even able to keep the employees they already have – as Americans are quitting their jobs at record rates in what’s been dubbed the “Great Resignation.” It’s not just a U.S. phenomenon, though – 20% of global workers plan to quit their jobs this year.

Within the U.S., workers are easier to find in some states than others. In order to see where employers are struggling the most in hiring, WalletHub compared the 50 states and the District of Columbia based on the rate of job openings for both the latest month and the last 12 months.

To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-employers-hiring/101730

This article was released by WalletHub.