California Records Lowest Unemployment Rate In More Than Five Years



Share | |
(Sacramento, CA)
Friday, May 16, 2014

California lost more than 1.3 million jobs during the recession. Jordan Levine with Beacon Economics, a Los Angeles-based economic think tank, says the more than 56,000 jobs the state added in April should help it equal pre-recession employment levels soon.

“We’re about 25,000 jobs below,” says Levine. “That’s only about point-two percent below our pre-recession peak.”

Lori Levi with the EDD agrees. She says California’s job growth rate is the overall highest in the nation.

“Our job growth is about 2.3 percent compared to the nation’s 1.7 percent,” says Levi. “So we’re going at a pretty good clip as well.”

Economists say job growth is occurring in many industries. Education and health care services were the leading growth industries in April, adding about 19,000 new jobs. 

We Get Support From:
Become a Supporter

We Get Support From:

Become a Supporter