05/09/2021

California adds nearly 47,000 jobs in July; unemployment stays at record low

California payrolls grew by 46,700 jobs in July, a significant gain that came as the unemployment rate held at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.

The positive numbers come as a relief: June’s initial report, which said employers added only 800 jobs to payrolls that month, raised concerns the Golden State’s economic engine was pausing after a remarkable run. But June’s gains were revised upward Friday to 21,500, and July’s job growth came in at more than twice that level.

 

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