September 21, 2018

California’s August Job Gains Are Another Win

Pacific Union Chief Economist Selma Hepp offers her take on the latest Golden State employment report

 

  • August was another solid month for job additions in California, with employers creating 44,800 positions. In addition, California’s unemployment rate remained at 4.2 percent, maintaining a historic low for the fifth consecutive month, according to the latest numbers from the state Employment Development Department.
  • The August increase was more than two-and-a-half times the gain seen over the last two years, confirming 2018’s strong labor market. In the last year, California has added a total of 348,900 jobs.
  • Considering the robust job increases recorded over the summer, California’s 2.1 percent employment growth is again trending above the national rate of 1.6 percent.

 

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