11/24/2024

California Adds 41,200 Jobs in October; Unemployment Rate is Lowest Since 2007

California employers added 41,200 net jobs in October, a significant increase from more sluggish growth reported a month earlier, according to data released Friday.

Last month’s job gains are more in line with the state’s average growth of about 38,000 jobs per month over the last year. Friday’s data also showed significant upward revisions to September’s numbers, which initially showed a tepid gain of just 8,200 jobs, sparking concern that the state’s economic expansion could be slowing.

Numbers released Friday showed the state actually posted a gain of 21,100 jobs in September.

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