The "5th largest economy in the world", Kalifornia gains just 800 jobs in June

Political debate. Welcome Yahoo Message Board exiles and everybody else !!
Post Reply
User avatar
barrysoetoro
Get in my Belly!
Posts: 29122
Joined: Fri Sep 05, 2014 7:55 pm

The "5th largest economy in the world", Kalifornia gains just 800 jobs in June

Post by barrysoetoro » Fri Jul 20, 2018 8:40 pm

http://www.latimes.com/business/la-fi-c ... story.html

California’s economic engine paused in June, as employers added a meager 800 new jobs. The unemployment rate held steady at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.

The June numbers represent a pullback from May, when the Golden State added 7,200 jobs. And the gains in May were much smaller than April, when employers boosted payrolls by nearly 26,000.

The slowdown could signal that California is simply reaching full employment. Employers are struggling to find workers. Or it could be a sign of sagging confidence among executives. A growing trade war with China, for example, has unnerved companies in California’s logistics industry and beyond.

Economists, however, cautioned against reading too much into one or two months of data.
0 x
☪ "May God d*mn the Saudis and America.", brookboy123, liberal, coward, from a family of America haters

Post Reply