California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  | 

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.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With California EDD

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.

Chase-19-cube
TaylorStreet-03-Cube
TheGuarantors-01-cube
New call-to-action