By Tiffany Hsu
July 17, 2015
- Job Reports and Statistics Jobs and Workplace Job Market Unemployment and Layoffs
Job growth in California continued to hum along in June as employers added 22,900 nonfarm payroll positions from the previous month.
Employment rose 3%, or 461,800 jobs, year over year, according to the California Employment Development Department.
In May, payrolls swelled by 46,200 jobs, based on revised data. The June increase was less than half that amount, but the still-sizable surge left economists satisfied.
“I hesitate to refer to this as a recovery any longer,” said Jordan Levine, director of economic research at Beacon Economics. “This is now an expansion.”
California jobs for June 2015
The state’s jobless rate took a tumble last month, dropping to 6.3% from 6.4% in May and 7.5% in June 2014. But in 2006, before the recession, the rate was as low as 4.8%.
Nationwide, unemployment fell to 5.3% in June.
In Los Angeles County, the seasonally adjusted unemployment rate ticked down to 7.4% last month from a revised 7.6% in May and 8.2% a year earlier.
“We’ve made a lot of progress over the past several years, but we still have a long way to go,” said Robert Kleinhenz, chief economist with the Los Angeles County Economic Development Corp.
Job levels in California, the world’s eighth-largest economy, have expanded 13.5% since the end of the recession. Nationally, they’ve risen 9.4%.
Every region in the state, barring Sacramento, has reclaimed jobs lost during the downturn, according to analysts. Even in the drought-ravaged San Joaquin Valley, employment has recovered.
Southern California lags behind, however, with a 1.6% gain compared with job levels that are 9.4% above pre-recession highs in the Bay Area.
The California labor force increased by 17,000 workers from May. From a year earlier, the labor force has 266,000 more workers, a 1.42% increase.
To read expanded article, click here.