Tuesday, September 20, 2016

Lowest unemployment rate in California, San Mateo County

Fox2 News (BCN), "San Mateo County leads Bay Area with lowest unemployment for August."

Image result for strong economy picture
Working, but higher salary would be good.
About 63,100 non-farm payroll jobs were added in August in California, while the state's unemployment rate remained at 5.5 percent as it did in July, according to a survey by the state's Employment Development Department. Also in August, 151,000 jobs were added nationwide as the national unemployment rate was measured at 4.9 percent, employment department officials said.

In the Bay Area, San Mateo County had the lowest unemployment rate for the month of August, at 3.2 percent. Both Marin and San Francisco counties came in second for the lowest unemployment rate at 3.5 percent, employment department officials said.

Meanwhile, Solano County held the region's highest unemployment rate at 5.7 percent. Both Santa Cruz and Monterey Counties also held high unemployment rates, respectively, with Monterey County at 5.7 percent and Santa Cruz County at 5.8 percent, according to the employment department survey.  Read more. 

Reference, Bay Area.  Bureau of Labor Statistics, select 1) California, 2) year 2016, 3) month July (latest month available), 4) click Draw Map.  Current results:  San Mateo County, 3.4; Marin 3.6; San Francisco, 3.7; Alameda 4.8; Santa Clara 4.2. 

Related articles, California.  Mercury News/Associated Press/Business, 7/5/16, updated 8/11/16, "California's economy is bigger than all but five nations, World Bank data says."  ....  "The U.S. Bureau of Economic Analysis reported last month that California’s GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier.California saw more economic growth than the United States as a whole, which was up 2.4 percent. Only five countries produced more last year than California: the U.S., China, Japan, Germany and the United Kingdom."  The Sacramento Bee/Dale Kasler, 6/14/16,"California economy surges to No. 6 in global rankings." "Riding the latest high-tech boom and an overall statewide surge, California has leapfrogged France and Brazil to become the world’s sixth-largest economy, according to figures released Tuesday by Gov. Jerry Brown’s administration. Using data from the International Monetary Fund and the U.S. Bureau of Economic Analysis, the state Department of Finance said California jumped ahead two spots in the annual rankings in 2015, up from No. 8 the year before.

Related article, United States.  Live Index/Nikki Bailey, 8/5/16,"Strong economy adds 255,000 jobs in July." "America’s job market remains one of the few bright spots in the economy. The U.S. economy added 255,000 jobs in July and the unemployment rate remained at 4.9%. It far surpassed expectations of economists surveyed by CNNMoney, who had predicted a gain of 182,000 jobs."  Note photograph from the related, United States Live Index article.   

Posted by Kathy Meeh

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