California adds nearly 23K nonfarm payroll jobs in June
California's rate of unemployment slightly slipped in June as employers in the state generated nearly 23,000 new nonfarm payroll jobs during the month, according to the state's Employment Development Department.
As per fresh data, employers added nearly 22,900 nonfarm payroll positions, bringing the state's unemployment rate drown to 6.3 per cent from 6.4 per cent in May and 7.5 per cent in June 2014.
The increase in jobs in June was less than half of May's figure, but it still satisfied economists.
Stephen Levy, the director of the Center for Continuing Study of the California Economy, said, "The strong jobs recovery has brought people back into the workforce while simultaneously reducing the number of unemployed residents."
Jordan Levine, the director of economic research at Beacon Economics, said he would hesitate to consider the job growth as recovery any longer, and he would like to call it an expansion.
Los Angeles County's seasonally adjusted jobless rate dropped from 7.6 per cent in May 2015 and June 2014 to 7.4 per cent in June this year. Nationwide, rate of unemployment slipped to 5.3 per cent in the month of June.
California's unemployment rate of 6.3 per cent in June represents a decline from the previous month as well as from June 2014, but it is still far higher than rate of 4.8 per cent recorded in June 2006, before the recession.
The overall ‘asthma epidemic’ among children has...Read More
People in huge numbers gathered in the Mount Lofty...Read More
As New Year is approaching, people have already...Read More
Alzheimer’s disease, the commonest cause of...Read More
Cases of opioid abuse have been increasing and...Read More
In an announcement made on December 22, cable giant...Read More