California?s unemployment rate falls to record low
By Kathleen Pender | January 19, 2018
Thanks to stronger-than-expected job growth, California?s unemployment rate dropped to 4.3 percent in December, a record low since 1976 when the state started tracking data consistently.
That represents a significant drop from 4.6 percent in November and 5.2 percent in December last year, the Employment Development Department said in a press release. The U.S. rate in December was 4.1 percent. (These rates are seasonally adjusted.)
California added 52,700 nonfarm payroll jobs in December alone, a surprisingly strong number that accounted for more than one-third of the
148,000 jobs created nationally in December, said Scott Anderson, chief economist with Bank of the West.What a f****ng chump!