California's latest jobs report may help explain why it's so hard to find a job right now.
The state lost more than 20,000 payroll jobs in July, following job losses in April and May and only a small gain in June. The unemployment rate fell slightly to 5.1% but largely because the state's labor force shrank by over 70,000 workers.
The report describes a “no hire, no fire” job market with employers reluctant to hire but layoffs remaining relatively low.
For more on this, KCBS' Peter Finch spoke with Michael Bernick, Counsel with Duane Morris LLP and former director of the state Employment Development Department.
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