05/18/2024

California Jobless Rate Falls to 6.2% in July; Employers Add 80,700 Jobs

The California unemployment rate fell to 6.2% in July — its lowest level in more than seven years — and employers added a robust 80,700 net new jobs.

Nationwide, the jobless rate remained steady at 5.3% last month.

Since July 2014, the Golden State has added 494,300 net new jobs, a pace of 3.2% that outstrips the national average of 2.1%. A year ago, the state unemployment rate was 7.4%.

California job gains and unemployment

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