California gained a meager 800 net jobs in June, while the unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.
The June numbers represent a pullback from May, when the Golden State added 7,200 jobs. And the gains in May were much smaller than April, when employers boosted payrolls by nearly 26,000.
The slowdown could signal that California is simply reaching full employment as employers struggle to find workers. Or it could be a sign of sagging confidence among executives. A growing trade war with China, for example, has unnerved companies in California’s logistics industry and beyond.
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