Employment Declining In CA, NY

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

Employment data show job declines in California and New York diverging from national trends, raising concerns about regional labor market weakness, structural shifts, and the impact of policy and migration on two of the largest US state economies

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Image Source: Pixabay
 

Downshift in TX. These three states account for about 27% of national NFP employment, and about 1/3 of US GDP.
 

Figure 1: Nonfarm payroll employment in CA (blue), NY (tan), and TX (red), all s.a., in logs, 2025M01=0. Source: BLS, and author’s calculations.

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