California Is Inching toward a Jobs Recovery
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California added 73,000 jobs between mid-May and mid-June, in the month leading up to the state’s June 15 reopening. This gain was lower than the gains in each of the previous four months, and California’s annual rate of growth is slightly lower than the national rate (5.2%, compared to 5.7% in the US overall). But the growth of both jobs and wages, especially in the leisure and hospitality sector, indicates that some hard-hit California workers are benefitting from the recovery.
Most job growth last month (70%) and this year (64%) occurred in the leisure and hospitality and other services sectors, which were hit hardest during the pandemic. Employment in these sectors has been growing more quickly than in any other sector, but remains down 22.5% (or 597,000 jobs). As they did last month, health care and government sectors saw the next-largest job gains (more than 7,000 each).
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