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Monday, August 19, 2019
California’s job market powered ahead in July amid the longest expansion since the 1960s, and unemployment remained at a record low.
Since the post-recession turnaround in February 2010, the state has added 3.3 million jobs, accounting for more than 15% of the nation’s employment gains, state officials reported.
Last month’s tally of 19,600 new jobs was lower than June’s revised 41,300 number. But monthly payroll data are volatile. More significantly, California has added an average of 29,200 jobs a month over this 113-month expansion. Year over year, the state’s employment growth outpaced the nation’s, 1.8% to 1.5%.
California unemployment stood at 4.1% i...
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