A new report says California’s economy is expected to continue its steady recovery and predicts the state unemployment rate will drop more than a percentage point over the next two years.
High consumer confidence and widespread job creation will help California see steady job gains through 2017, according to a UCLA economic forecast released Thursday.
California enjoyed its largest monthly job gain in over a year with the addition of 67,300 new positions in January, driving the unemployment rate down to 6.9 percent, a state agency said Friday.
California’s unemployment rate fell to 7 percent in December, a drop of two-tenths of a percentage point from a month earlier, but the state added just 700 jobs last month, a disappointing number after good job gains in November.
The unemployment rate in Los Angeles County held steady at 8.1 percent in August, compared to the previous month, the state Employment Development Department reported Friday.
In one of the strongest signals of a rebounding economy yet, California’s unemployment rate has dropped to its lowest point in six years.
More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.
California’s unemployment rate dropped to 8 percent in February, as a net gain of 58,000 positions prolonged steady improvement in the job market, state officials reported Friday.
California’s unemployment rate rose for the second consecutive month in August, to 8.9 percent, even as the state added more than 29,000 jobs, the state Employment Development Department said Friday.
California’s unemployment rate fell to 8.6 percent in May, marking the first time in nearly five years the jobless number has dipped below 9 percent, the state Employment Development Department reported Friday.
Federal long-term benefits for the chronically unemployed workers are set to expire Saturday for 93,000 Californians.
U.S. News and World Report has the list of the 10 worst cities for finding a job, and it doesn’t have good news for California.
The Inland Empire has one of the highest unemployment rates in the country, but efforts to attract new businesses and jobs to the high desert could soon start to help.
California’s unemployment rate climbed to 12 percent in July, the state Employment Development Department reported Friday.
California’s unemployment rate has dropped below 12 percent for the first time since August 2009.