With sustained job gains, California continues to outpace the nation in terms of year-over-year job growth, according to Beacon Economics’ analysis of the latest release from the California Employment Development Department (EDD).
California added 31,200 jobs in October, building on a revised 36,000 jobs added in September. California payrolls expanded by 2.4% from October 2015 to October 2016, compared to 1.7% in the nation overall.
“At this point in the economic cycle, the state is effectively at full employment so the pace of job gains is somewhat tempered compared to a year ago,” said Robert Kleinhenz, Executive Director of Research at Beacon Economics. “That said, the leading sectors of the state continue to add jobs at an impressive rate.”
New Geography reported on overcrowding in metro areas among MSA’s in the United States. Counties to the north and south of the Visalia-Porterville-Tulare MSA are among the most severely overcrowded metro areas in the US. Fresno and Bakersfield rank in the top 5 for overcrowding, just behind McAllen, TX, Los Angeles and Honolulu. The report showed that high housing costs in these metro areas contributed to the high overcrowding rates. The Visalia-Porterville-Tulare MSA maintains one of the affordable housing markets in California, with more than 54% of residents able to afford a median price house (California average is 30%). As the study showed, overcrowding negatively impacts school achievement, behavior and physical health of children.
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