Up Arrow

Natalie Kitroeff
September 16, 2016

California employers quieted any lingering doubts about the state’s economy in August, as an uptick in hiring helped absorb hordes of new job-seekers.

The state added a net 63,100 jobs last month and the unemployment rate remained at 5.5%, according to data released by the Employment Development Department on Friday.

Across the nation in August, employers added a net total of 151,000 new positions, meaning that California accounted for 42% of all U.S. job growth last month.

“These are astounding numbers,” said Michael Bernick, an attorney at Sedgwick, a San Francisco firm, who directed the EDD from 1999 to 2004. “Each time we think growth has to slow down, it just continues.”

If you own a home, you should read this. Thousands of homeowners did this yesterday, and banks are furious! Do this now before it’s…
See More

The report brought the state good news in the wake of two consecutive months of a rising unemployment rate, up from 5.2% in May to 5.5% in July.

Since last August, the state has boosted payrolls by 378,000 workers — a 2.3% gain. Despite new paid-leave mandates, a rising minimum wage and strict environmental regulations, California has managed to grow faster than the rest of the country for several months.

To read expanded article, click here.