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California is Outpacing Nation in Employment Growth This Year

California’s labor market continued to expand at a rapid pace in May, according to a Beacon Economics analysis released jointly with the University of California at Riverside School of Business Center for Economic Forecasting and Development. Total nonfarm employment in the state grew by 104,500 positions for the month and California accounted for 18.7 percent of the 559,000 net jobs added in the nation.

In addition to California’s strong monthly gains in May, April’s gains were revised up to 102,000 in the latest numbers, an increase of 200 from the preliminary estimate of 101,800. During the past four months, California’s economy has added close to 500,000 jobs, representing the fastest hiring surge since summer 2020. These gains are very welcome because as of May 2021, there were still 1.31 million fewer people employed in California than in February 2020.

Total nonfarm employment in the state has contracted 7.4 percent since that time. This compares unfavorably to the national picture, where the labor market has shrunk by 5 percent during the same period.


Inside The Story

UCR School of Business Center for Economic Forecasting and Development

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.