In July, California added 21,100 new jobs, making up nearly 20% of the nation's total, while also setting a record for fast food employment and maintaining a steady unemployment rate of 5.2%. (Shutterstock)
Share
|
Getting your Trinity Audio player ready...
|
California added 21,100 jobs in July, accounting for nearly 20% of the nation’s new positions, according to Gov. Gavin Newsom’s office.
This marks the 51st consecutive month of job growth in the state. California also recorded a historic high in fast food employment, surpassing 750,000 jobs for the first time.
Related Story: Do CA Legislators ‘Shop’ for Lobbying Jobs Before They Exit?
In the past year, California has generated 284,400 new jobs, reflecting a 1.6% increase. The unemployment rate remained steady at 5.2%. Four of the state’s eleven industry sectors saw job gains in July.
California leads the nation with the most Fortune 500 companies and travel spending reached $150.4 billion.
Related Story: Californians: Your Rent May Go Up Because of Rising Insurance Rates
The state is home to 35 of the world’s 50 leading AI companies and leads the nation in new business starts, venture capital access, manufacturing, high-tech, and agriculture.
RELATED TOPICS:
Categories
Trump Presses NATO Nations to Halt Russian Oil Purchases
