04/20/2024

California gains nearly 40,000 jobs, and unemployment falls to record low

California added 39,300 net new jobs in April, as the unemployment rate fell from 4.3% to a new record low of 4.2%, according to data released Friday by the state Employment Development Department.

The report indicates that the California economy remains robust despite some fears job growth was tapering off. April showed marked improvement compared with March — which itself was better than originally believed. The original estimate showed that California lost jobs that month, but that was revised upward Friday to show March job gains of 5,400.

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