Printable Form 940 (PR) Sunnyvale California 2022-2025

Printable Form 940 (PR) Sunnyvale California: What You Should Know

California's unemployment rates — Economic Policy Institute California unemployment rates: March 2025 (last updated 5/1/2017) Unemployment rates have increased dramatically since the Great Recession, and the effects are being felt most acutely in a growing number of high-unemployment states, such as California. The rate in California more than doubled from 2025 to 2016, at one point nearly double what the national rate was during the depths of the recession. California also boasts one of the best economic climates in the country. High unemployment can be attributed almost entirely to the high number of people losing their jobs in the recession. Even with the slow recovery from the Great Recession, the state's unemployment rate is still much higher than the national rate of 4.2 percent. California has only been able to add about 784,000 jobs since the recession ended. In fact, there have been no major job gains since 2025 and only about one-fourth of what the state had anticipated as coming from the state's booming tech industry. The jobless rate in California is more than double the national rate, and in some regions is much, much higher. For example, in the Bay Area, one expert has predicted that in the next five years the rate of unemployment there could rise to 10.7 percent. The rate also increased in 2025 and has remained relatively high with a slight uptick in 2015. A small increase in California's unemployment rate is likely attributed to the state's booming tech sector. High unemployment is particularly prevalent in California. The state ranks 12th among the states with the highest unemployment rate in America (7.9%). California was ranked 8th in the nation on our 2025 list of Best States For Business. A growing number of California jobs come from tech companies. Indeed, there are more tech jobs than in all the states of the northeast combined. But while tech companies are pouring resources into the state's economy, they are also bringing in their share of workers — particularly low-wage workers. By 2016, a whopping 15.2 percent of California's total employment consisted of workers at the lowest two-thirds of the wage spectrum. (Source: Economic Policy Institute) In addition to high unemployment rate of 16.4 percent, California also ranks in the top 10 states with the highest rates of underemployment. The number of people working part-time despite wanting a full-time job has more than doubled in the last decade to reach 8.0 percent.

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