05/06/2024

California adds 4,200 jobs, while unemployment drops to 5.4%, the lowest in 9 years

California added 4,200 jobs in March, the Employment Development Department reported Friday.

The uptick pushed unemployment in the state to 5.4%, down from 5.5% a month earlier. March marked the state’s lowest unemployment rate since July 2007.

California still has a higher rate of unemployment than the nation, at 5%, a sign that labor markets are still struggling in some parts of the state. Job growth was hampered by employment cuts in several industries, including high-paying fields such as professional and business services.

The March job gains were tiny compared with the month before, which saw growth of 46,600 positions. Overall, though, the state is outpacing the country in job growth.

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