California Adding Plenty Of Jobs, But Still Not Enough
California and the Bay Area are adding new jobs at a rapid clip, but employment figures are still well below prerecession levels.
That’s according to new data released Friday by the Bureau of Labor Statistics and the state Employment Development Department.
U.C. Berkeley economist Sylvia Allegretto says it’s a "good news-bad news" situation.
On one hand, she says, the state added more than 38,000 jobs in June, accounting for about half of all the job growth in the nation.
“This still leaves us almost 900,000 jobs short of where we were in the end of 2007 when this whole mess began,” Allegretto says. " And the time frame that it’s taken to even get us to this point has just been so long.”
The job gains are being led by strong growth in coastal economies, including the Bay Area and Los Angeles. But even some inland regions are starting to see some job growth.