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Another Strong Month on the California Job Front



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(Sacramento, CA)
Friday, August 17, 2012

July wasn't as strong as May and June, which each saw 45,000 job gains. But California has still added 180,000 jobs since January.

Adibi: "It's a broad-based recovery that is gaining momentum."

Chapman University economist Esmael Adibi says until the start of the year, statewide job growth was lagging behind the nation.  But now…

Adibi: "California is basically outpacing the national economy - and the pace of job creation is picking up steam."

Even so, the unemployment rate remains unchanged at 10.7 percent.

Adibi: "The pace of job creation has to get much stronger to really make a significant dent in unemployment rate."

Still, Adibi thinks California's recovery will continue at its current pace - and unemployment could drop as low as 10 percent by the end of the year.

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