06/23/2021

California economy finishes 2018 on a strong note, adding 24,500 jobs

California’s job market finished 2018 on a strong note, as payrolls continued to expand despite concerns over a volatile stock market, a continuing trade war with China and fears of a possible U.S. recession.

The state added 24,500 net new positions in December for a total of about 17.28 million, according to the California Employment Development Department. That was just short of November’s rise of 25,700.

Year-over-year, payrolls expanded by 284,300, an increase of 1.7%.

December’s unemployment rate ticked up slightly to 4.2% from 4.1% in November, reflecting a rise in the number of job seekers in a tight labor market.

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