Published: Sat, August 19, 2017
Business | By Max Garcia

State unemployment rate hits 17-uear low

State unemployment rate hits 17-uear low

The national unemployment rate decreased one-tenth of a percentage point in July to 4.3 percent, according to the Department of Labor's news release.

The seasonally adjusted unemployment rate for California was 4.8 percent in July, a tick higher from the 4.7 percent in June, but below the 5.4 percent rate in July 2016. The state's overall labor force also slightly decreased between the two months by about 25,000 for a total of 18.2 million job holders in July, according to the state data.

Doug Walls of the Office of Economic Opportunity said a separate household survey found that the number of people now in the workforce is about 72,000 more than a year ago. The July numbers were one of the weakest showings in that category in recent memory, and nearly all of those jobs were added in Northern Virginia.

Education and health services added 1,300 (+0.2 percent) jobs over the month.

The labor force was up 110,700 from the 3,586,900 in July 2016, with 77,700 more residents employed and 33,000 more residents unemployed. People not actively looking for work go uncounted as part of the unemployed.

The unemployment rates for cities have not been seasonally adjusted, so they can not be directly compared with the state unemployment rate. The labor force participation rate over the year has increased 1.5 percent compared to July 2016. Private sector hiring was strongest in construction, up by 1,900 jobs, financial activities, up 1,700 and information, up by 1,100. Jobs in trade, transportation, and utilities increased 5,400. Only Oregon with a 2.9 percent increase had a bigger gain, the bureau said.

Month over month, Tulare County farms added 100 jobs and nonfarm industries added 2,300 jobs.

From July to July, jobs in professional and business services grew by 4.8 percent.

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