Employment Development Department
Officials are warning that California’s economic recovery could come to a halt if Congress and President Barack Obama are unable to avert the “fiscal cliff.”
California’s jobless rate remained unchanged at 10.7 percent in July as the state saw slow employment growth, adding a little more than 25,000 jobs.
The state Employment Development Department said on Friday that California added more than 33,900 nonfarm payroll jobs in May, showing the state’s economy was continuing its gradual improvement. Since the recovery began in September 2009, officials say 425,000 jobs have been created in the state.
California’s unemployment rate fell below 11 percent in January for the first time in nearly three years.
California’s unemployment rate fell to 11.3 percent in November, the lowest it has been since May 2009.
California’s unemployment rate fell slightly in October, to 11.7 percent, from 11.9 percent a month earlier.
No jobs were added in the U.S. during August and California unemployment became the second highest in the nation. The Labor Department jobs report out Friday was the worst one in 11 months.
Hundreds of union workers marched down Broadway in Oakland Friday, demanding a so-called “fair economy and urging banks and the wealthy to contribute more.
California’s unemployment rate has dropped below 12 percent for the first time since August 2009 — another positive sign for the nation’s economy.
California’s unemployment rate has slipped lower for the second month in a row as the state added nearly 100,000 jobs in February. But the employment situation is still worse than the national average.