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California Gains Nearly 45K Jobs in August, Unemployment Stays at Record Low
California’s unemployment rate remained steady at 4.2% in August, holding at a record low level for the fifth consecutive month in a series dating back to 1976. Data released by the California Employment Development Department (EDD) showed the state’s employers added 44,800 nonfarm payroll jobs.
California has now gained a total of 3,002,300 jobs since the economic expansion began in February 2010. In August 2017, the state’s unemployment rate was 4.6%. The number of unemployed Californians was 803,000 in August, a decrease of 5,000 over the month, and down by 92,000 compared with August of last year.
Educational and health services reported the largest increase with a gain of 18,700 jobs, followed by professional and business services (up 7,700) and government (up 6,100). In a year-over-year comparison (August 2017 to August 2018), nonfarm payroll employment in California increased by 348,900 jobs (a 2.1% increase).
The U.S. unemployment rate remained unchanged at 3.9%, while the nation’s employers added 201,000 nonfarm payroll jobs.
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