June 2017 Job Report
Highlights for policy makers:
• Unemployment Rate Continues Dropping to 4.7%; Total Employment Down 21,300
• Labor Force Participation Rate Remains at Lowest Level Since 1976
• State Employment Growth Rankings—California Remains in 3rd Place Behind Florida and Texas
• Nonfarm Jobs Down 1,400
• 6 Industries below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• Two-Tier Economy Persists—Central Valley Unemployment More than Twice as High as Bay Area
• Bay Area Provided 44% of Net Employment Growth Since Recession
• 7 California MSAs in the 10 Worst Unemployment Rates Nationally
• Bay Area Paid 40% of Personal Income Tax in 2015 Tax Year