California unemployment rate falls to 4.8 percent
- Author: Salvatore Jensen May 23, 2017,
May 23, 2017, 11:58
All three counties had an unemployment rate below the state average, which came in at 4.5 percent in April.
This decrease is greater than the tenth of a percentage point fall the national rate experienced in April, which put the US preliminary rate at 4.4 percent for the month.
The industries with the largest job gains in Pensacola over the year were leisure and hospitality with 1,500 new jobs and trade, transportation and utilities with 1,200 new jobs.
However, Bernick zeroed in on the jobs lost between March and April as a possible sign of a slowing economy.
Weld's unemployment rate sits right below the statewide rate, which also, according to the survey of households, decreased three-tenths of a percentage point in April to 2.3 percent.
EDD said the state has gained almost 2.5 million jobs since economic expansion began in February 2010.
Occupations with the most job ads included food prep supervisors, servers, housekeeping, retail sales, admin support and registered nurses.
Even after seasonal adjustments, which take into account factors such as increased hiring in the spring, the state unemployment rate fell to 4.5 percent in April, down from the March unemployment rate of 4.8 percent.
About 600 jobs were added to the local market between March and April.
It's the third month in a row that the state and First Coast area saw unemployment rates drop. There were 5,700 more jobs in the professional and business services sector since April previous year. One year ago, unemployment in Escambia County was 4.7 percent. "Any time the state's unemployment rate is at least 1 percentage point under the USA rate, people move here in droves". A significant number of the job gains occurred in nine states, led by Texas, Minnesota and Wisconsin.
The Economic Analysis and Labor Force Estimates are prepared by the Employment Security division's labor market information specialists. Employment rose by 18,000 to a new record high above 6.1 million while unemployment rose by 4,000 to 315,000.
It was followed closely by 6,200 government jobs; education and health services with 4,100 jobs; and financial activities were up by 1,100 jobs.