California Accounts 73 Percent of U.S. Jobs Created in February

1028
SHARE
California

California accounted for 73 percent or almost three out of four nonfarm jobs that were created in the United States, according to a data released by the state’s Employment Development Department (EDD) on Friday.

The EDD reported that California employers added 14,600 nonfarm jobs last month. The state’s unemployment rate remained at 4.2 percent based on a federal survey of 5,100 households.

Earlier this month, the U.S. Department of Labor reported that the economy added 20,000 nonfarm jobs in February. The nation’s unemployment rate declined to 3.8 percent.

California’s nonfarm jobs increased 1.3 percent of 222,500 jobs year-over-year (February 2018 to February 2019). Ten of the eleven industry sectors in the state added a total of 227,700 jobs year-over-year. The financial industry was the only one that posted job losses of 5,200.

The federal household survey showed that the number of employed Californians increased 17,800 to 18,758,000 in February. The number of unemployed Californians was 824,200 last month.

California enjoyed strong job growth since the start of economic expansion

In a statement to CNBC, Aubrey Henry, the spokesman for the state’s EDD, said, “Whatever caused the nation as a whole to have a subpar job gain didn’t have as much influence in California in February.”