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California Unemployment Rate is The Lowest in 50 Years – Health Benefits as Important as Ever

California Unemployment Rate is The Lowest in 50 Years – Health Benefits as Important as Ever

Sep 5, 2022, < 1 Minute Read

California’s unemployment rate fell to 3.9% in July, its lowest since 1976 and one of the lowest rates on record. This figure, published by California’s Employment Development Department, is a reminder that the labor market remains very tight throughout the state.

In addition to job gains across California, employees today have many options of where to work. Providing comprehensive health benefits are key to helping employers recruit and retain talent. Therefore, at your clients’ next renewal, advise them on how to implement a competitive health benefits program to maintain their workforce.

To learn more about the California labor market, read this KQED article.

 

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.


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