California added 13,600 payroll positions in November, building on the upwardly revised 34,400 jobs added in October, according to Beacon Economics’ analysis of the latest release from the California Employment Development Department (EDD).
While November’s gains fall below the average monthly gains over the last year, the state continues to outpace the nation in terms of year-over-year jobs growth. California payrolls expanded by 2.4% from October 2015, compared to 1.6% in the nation overall.
“California’s labor market has see solid gains throughout the year, although the pace of growth is somewhat lower than last year,” said Robert Kleinhenz, Executive Director of Research at Beacon Economics. “And while the monthly numbers are somewhat mixed across the regions of the state, nearly all have seen sustained increases in yearly terms. The fundamentals of the state economy are sound, and growth is expected to continue into the new year.”
California’s unemployment rate fell to 5.3% in November, down from 5.5% one month earlier. The last time the state saw a 5.3% rate was over 10 years ago in June 2007. The driving force behind this drop has been more local residents finding work, with household employment growing by 47,000, outpacing the 15,300 increase in the state’s labor force.
It's Official: California is Getting Water
Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on California water legislation being signed into law as part of S. 612, the Water Infrastructure Improvements for the Nation Act:
“This is a great moment for California. I am proud to have worked with my colleagues in the House, Senator Dianne Feinstein, and our constituents to deliver the largest reforms to California water policy in 25 years. This water deal has been years in the making and was achieved by an unwavering commitment to our communities and state. This new law will help our communities receive more water this wet season and will help move forward storage projects that will define California’s bright future. We have not solved all of California’s water challenges, but this legislation is an incredibly positive first step. I look forward to getting back to work to build on these results. But in the meantime, I am proud to have played a role in this pivotal moment for our state’s future.”
Majority Leader Press Office
H-107 | The Capitol
Data from the US Bureau of Labor Statistics, analyzed by SYNEVA Economics of North Carolina, reports that the Visalia-Porterville MSA posted a 2.6% employment growth rate from October 2015 to 2016, ranking it above Fresno, Kings and Kern Counties. In fact, Tulare County is ranks #70 among the 387 MSA’s nationally. Comparatively, Kings County is 378, Fresno is 222 and Kern is 196 nationally. Data shows that Tulare County employment growth has exceeded the national average 25 of the last 26 months.
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