California's November job growth contributed to a 117-month surge, surpassing the long expansion of the 1960s. margotroosevelt reports:
California’s record job expansion continued last month as the number of unemployed sank to the lowest level in three decades despite large gains in the state’s population.
California’s unemployment rate held steady at 3.9%, the same rate as in October, despite an influx of new job seekers. That was below the 4.1% in November 2018. Golden State job gains were concentrated in professional and business services, education and healthcare, finance, manufacturing and government. Other sectors showed little or no change.Lynn Reaser, an economist at San Diego’s Point Loma Nazarene University, said an expanding state labor force — those with jobs as well as those looking for work — showed that Californians were coming off the sidelines as many companies report labor shortages.
The total state payroll came to more than 18.7 million in November. The number of Californians who were out of jobs but looking for work sank to 761,700, down by 39,800 from a year earlier.
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