jobs watch: ca captures one-third of u.s. job growth
The regional and state employment survey released this morning (May 20) by the U.S. Bureau of Labor Statistics showed California leading the nation in job growth. While the April numbers showed the U.S. hitting a disappointing seven-month low in job growth, the story for California was reversed. The state added 59,600 jobs in April, capturing over one-third of all job growth nationwide. The number of unemployed in the state is now the lowest it has been since September of 2007. Strong gains in construction and professional services and businesses services are putting the state on track for robust overall growth in 2016.
For Bay Area figures — which will be released later today — check out Bay Area Job Watch on the Bay Area Council Economic Institute’s blog.