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.”
California’s unemployment rate held steady in October at 5.5%. While household employment expanded by a sizable 90,900, this was offset by an 89,600 increase in the state’s labor force.
Tulare County’s employment remain consistent year over year, with employment gains and labor force growth both registering a 2.6% gain, leaving the year over year unemployment rate the same at 11.3%. Download the Tulare County employment estimates here.
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