California | October 23, 2017

California Economy Picks Up Strength

California added 52,200 jobs in September, reflecting the strength of the economy and holding the unemployment rate unchanged at 5.1%. The latest data from the state’s Employment Development Department shows a reversal from the previous month when employers cut 7,700 jobs.

Gains were largely attributed to an increase in government jobs, as well as the trade, transportation and utilities sector, which combined to add 27,000 jobs and 13,000 jobs on a seasonally adjusted basis. The construction, finance, and leisure and hospitality sectors also experienced increases.

In recent months, the state has alternated between gains and losses. That vacillation had economists closely watching to see if monthly losses would occur in two consecutive months for the first time since 2010. They were pleasantly surprised to find swelling payrolls.

California’s employment ranks grew by 177,300 net new jobs between January and September 2017, while the same period in 2016 grew by 233,000.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.