May 2017 Job Report
Highlights for policy makers:
• Unemployment Rate Continues Dropping to 4.7%; Total Employment Little Changed at 3,600
• Labor Force Participation Rate at Lowest Level Since 1976
• State Employment Growth Rankings—California Drops to 3rd Place Behind Florida and Texas
• Nonfarm Jobs Up 17,600
• 6 Industries below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• Two-Tier Economy Persists—Central Valley Unemployment More than Twice as High as Bay Area
• Bay Area Provided 42% of Net Employment Growth Since Recession
• 8 California MSAs in the 10 Worst Unemployment Rates Nationally