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California Jobless Rate Drops, Growth Comes Despite Pandemic
California’s unemployment rate improved to 11% in September as the state’s employers added 96,000 jobs and follows a gain of 113,800 jobs in August. Data released by the California Employment Development Department (EDD) shows the Golden State has now regained more than a third (38%) of the 2,615,800 nonfarm jobs lost during March and April as a direct result of the COVID-19 pandemic.
September’s unemployment rate marked the second consecutive month since March 2020 that California’s unemployment rate was lower than the 12.3% mark set during the height of the Great Recession in 2010. The August 2020 unemployment rate was revised to 11.2%.
Seven of California’s 11 industry sectors gained jobs last month. The leisure and hospitality segment experienced the largest job gain of 48,400 after experiencing the largest month-over loss in August. The growth was largely attributed to gains in accommodation and food services.
Month-over growth in trade, transportation and utilities (30,600 jobs) was aided by gains in retail trade, specifically clothing and clothing accessory stores.
Government posted the largest industry job loss of 14,300 in September with losses in Federal government largely due to losses in census worker employment.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy
