California’s jobless rate fell for the third straight month this year, to 6.5 percent, as the state continues to add jobs, the state Employment Development Department reported Friday.
A state agency says California’s unemployment rate dipped to 6.9 percent last month by adding 67,300 new jobs, showing the economy continues to improve at a healthy clip.
The department handles the largest unemployment insurance program in the nation, doling out $6.1 billion and processing 3.5 million claims in 2014. In late 2013, the department reported that 83 percent to 90 percent of calls went unanswered by a live employee on any given day.
Jill Schlesinger reports those who completed a Bachelor’s degree or higher were in better shape when it comes to employment with an unemployment rate of just 2.9 percent.
During the height of the recent Great Recession, the unemployment rate in the Sacramento area was roughly 14 percent.
A new report says California’s economy is expected to continue its steady recovery and predicts the state unemployment rate will drop nearly two full percentage points by the end of 2016.
California’s unemployment rate for October was 7.3 percent, which remain unchanged from the previous month even as the state increased payroll jobs.
California’s unemployment rate is unchanged for a third month, holding at 7.4 percent in August.
Twitter could help predict the U.S. jobs report more accurately, researchers found.
California employment officials say the new rates only measure those who are employed and those who aren’t. Those figures don’t include people who may have given up on looking for a job.
California’s unemployment rate has dipped below 8 percent for the first time in nearly six years, a sign that the state’s economy has rebounded from the depths of the recession.
Rep. Barbara Lee, D-Calif., said that she supports raising minimum wage in the state of California to $26 an hour, adding that she doesn’t think such a hike would hurt small business owners.