Employment in California continues to expand, with payrolls increasing by 30,000 positions in September, according to Beacon Economics’ analysis of the latest release from the California Employment Development Department (EDD).
While this is weaker growth than in some previous months, the state accounted for just over 20% of all new jobs added in the nation during September. Moreover, for the year, nonfarm payrolls in the state have grown by 2.3%, compared to just 1.7% in the nation overall.
“The pace of wage and salary job growth is somewhat slower than last year,” said Robert Kleinhenz, Executive Director of Research at Beacon Economics. “However, the state continues to add impressive numbers of jobs in yearly terms, with a gain of nearly 380,000 from September of last year to this past September.”
The unemployment rate in California held steady at 5.5% in the latest numbers. While household employment expanded by 108,600 during the month, this was offset by a sizable 117,800 increase in the state’s labor force, keeping the unemployment rate unchanged. The state’s unemployment rate has now held steady at 5.5% for three straight months.
Tulare County posted a 2.4% employment growth over last year, driven by real estate, professional/business services and retail industries. Unemployment is down by 0.3% to 11.2%. Download the full Tulare County employment report here.
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