04/18/2024

California unemployment falls despite tepid job growth

California job growth slowed to a crawl last month, state officials reported Friday, suggesting a slowdown in the economy.

Payrolls across the state grew by just 3,700 jobs in December, the Employment Development Department said.

The unemployment rate did fall a tenth of a percentage point, to 5.2 percent. But economists generally look at the payroll jobs figure, which is calculated from a separate survey, as a more reliable barometer of the economic climate.

Read more here: http://www.sacbee.com/news/business/article127680399.html#storylink=cpy
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