08/04/2021

Mixed signals sent by California economy

It continues to be a mixed bag for the California economy. In fact, sometimes the signals are downright confusing.

The state’s unemployment rate for April dropped to 9 percent, the lowest number in a while and down from 9.4 percent in March. But the job growth numbers don’t indicate a looming recovery. The state added only about 10,000 jobs. The LA Times, among others, said it may be that just a lot of people have stopped looking for work.

ADP, the payroll company that monitors employment, said that the job growth in California was anemic, reporting that only 2,700 private sector, non-farm jobs were added in the state.

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