Additionally, Henry commented that the number of nonfarm jobs added by the state last month was below trend in comparison to its average job gains for the entire nine-year expansion.
Furthermore, he stated, “February 2019 stands out because California’s job gain was large in relation to the nation’s unusually small gain… The nation had a larger year-over job gain than California in February 2019, 1.7 percent to 1.3 percent.”
Henry went on to say, “However, it is too soon to determine whether this is a temporary phenomenon or not. California has enjoyed stronger year-over job growth than the nation for the balance of the expansion.”
Since the economic expansion in February 2010, California created a total of 3,133,100.
