Employment improves in California

There goes constant attention

Good Holiday news, you're hired!

The Daily Journal (San Mateo County), The Associated/Don Thompson, 12/20/14.  "Jobless rate hits new low in California:  State adds 90,100 jobs last month, every sector contributes to gains."

"SACRAMENTO — California recorded its lowest jobless rate last month since the early months of the Great Recession, while the number of additional jobs was the second-largest gain since the state began keeping that record in 1990, the state Employment Development Department reported Friday. The unemployment rate dipped to 7.2 percent in November, a tenth of a percentage point improvement over October. That was down from a recession-era high of 12.4 percent in February 2010, and the lowest level since June 2008, when it stood at 7 percent.

....  Moreover, every sector of the economy contributed to the growth. The trade, transportation and utilities sector had the largest increase in November, adding 19,000 jobs. The number of new jobs in November is more than three times the roughly 25,000 jobs that had been created each month on average since 2013, said Michael Bernick, a former department director who is now a fellow at the Milken Institute. 

....  Stephen Levy, senior economist for the Center for Continuing Study of the California Economy in Palo Alto, said the job market is now strong enough to draw back some of those who stopped looking for work during the recession. He, too, predicted the trend will continue, calling it “good news for the holiday season and the year ahead” in a written analysis.    Read more.

Related article - San Mateo Patch/Bea Karnes, 12/21/14. "San Mateo County unemployment drops." ... "The unemployment rate in San Mateo County was 4.1 percent in November, down from 5.0 percent a year ago, according to EDD officials."

Referenced News release, 12/19/14, CA Employment Development Department (EDD), PDF pages 4. 12 month employment gains (seasonally adjusted data, not including holiday season hiring), page 3. Largest beneficiaries:  construction 6.4%, professional and business services 5.1%, mining and logging 4.6%, education and health services 3.3%, leisure and hospitality 3.3%, etc.  San Mateo County unemployment 4.1%.

Note photograph/graphics -  Grumpy Cat, "I had fun once". from Zazzle.  Employment from TSM Interactive.  Grumpy Cat "Party on. Without me." from Catch My Party.

Posted by Kathy Meeh