California’s employment picture has cooled to either (1) a new normal or (2) a worrisome slowdown.
My trusty spreadsheet crafted the “HQF” index to loosely measure statewide tensions in the workplace. The math, taken from some novel federal job statistics, compares California hiring with statewide quits and firings .
Since 2001, California has averaged 113 hires for every 100 quits and firings through July. So this year’s is a tad slow. Fewer job opportunities – less hiring and more firing – can make folks think twice about quitting. But it hasn’t stopped folks from walking off the job en masse.Yes, a record number of Californians are employed. But the growth of staffing suggests bosses are a wee bit antsy.
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California’s job market: More firings – fewer hirings and quitsCalifornia’s employment picture has cooled to either (1) a new normal or (2) a worrisome slowdown.
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