The economy really is getting better, in Sacramento and across California. Sometimes, though, the economic statistics create confusion.
Friday was one of those times. The Employment Development Department reported that California unemployment rose to 8.9 percent in August, up two-tenths of a point from the month before. But statewide payrolls grew by 29,100 – the second-highest job growth in the nation.
The results for Sacramento were muddled, too. Unemployment plunged four-tenths of a point, to 8.5 percent, even though employers added just 1,800 jobs. That’s a meager increase in light of the steep drop in unemployment.View Article