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March 12, 2018

California Added Jobs at The Fastest Rate in 2017

Pacific Union Chief Economist Selma Hepp examines the latest U.S. and California job numbers, with the latter leading the nation for gains in 2017.

  •  Job reports for both California and the U.S. show strong growth so far in 2018.
  • According to data from the U.S. Bureau of Labor Statistics, America added 313,000 jobs in February, the strongest monthly gain since July 2016. Over the last three months, there were an average of 242,000 jobs added per month, and the annual total reached 2.281 million in February. Some experts warn that mild February weather could have helped boost employment and that the country’s labor market will see a pullback in March.
  • Job gains were broad-based across many sectors, including professional and business services, leisure and hospitality, trade and transportation, and education and health services. The construction industry added 61,000 positions, the biggest increase in nearly 11 years, and that sector has added 185,000 jobs over the past four months. The retail trade sector (up 50,000 jobs), the manufacturing industry, and schools and local governments also created jobs. Government jobs increased by 26,000 workers, also the strongest gain since July 2016.

 

To read the full post, click here: http://pacunion.us/2Hkh8uo


About The Mark Company

The Mark Company is one of the nation’s premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation’s most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Austin in San Francisco and Cavalleri in Malibu. The Mark Company is a subsidiary of San Francisco-based Pacific Union International, the eighth-largest residential real estate brokerage in the U.S. based on 2016 sales volume of $10.15 billion. Pacific Union merged with Los Angeles-based brokerages John Aaroe Group in December 2016 and Partners Trust in August 2017. This strategic business collaboration links four of the strongest residential real estate firms on the West Coast, supporting combined 2016 production of $12.6 billion by 1,400 real estate professionals in 47 offices throughout California. For more information, please visit www.themarkcompany.com.