California’s unemployment rate edged upward to 4.8 percent in July, even as more than 80,000 jobs were added to employer payrolls.
The jobless rate reported Friday by the state’s Employment Development Department moved up from the record-tying low of 4.7 percent seen in both May and June.
July also marked the fifth consecutive month that the statewide jobless rate was less than 5 percent. Percentage-wise, the unemployment numbers are even lower than those seen in the waning days of the housing boom in 2006, just before the state’s residential real estate market plunged amid the recession.
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