Defying critics of the state’s new regulations, California continued to pad its hefty payrolls in June. Employers in the state added 40,300 jobs over the month, the state reported Friday.
But unemployment in the state increased to 5.4%, from 5.2% in May. The national unemployment rate also ticked up in June, rising to 4.9%, from 4.7% in May.
In the last 12 months, California added 461,100 jobs, growing at a rate of 2.9%, faster than the national rate of 1.7%.
A perennial target for critics, California’s economy has earned fresh criticism of late, thanks to the $15 minimum wage, new mandatory paid sick leave, and laws that increase liability for labor violations.
The U.S. Chamber of Commerce said in a report this month that those policies were costing California its long-held economic advantage over the rest of country.
And yet, the state has barreled through 2016 posting job numbers that would make almost any governor jealous.
The fields that chipped in the most jobs last month were hospitality and professional services. Altogether, seven industries added 49,900 jobs in June.
The trade and information industries were the biggest losers, cutting 3,600 positions over the month.
By: Natalie Kitroeff (Los Angeles Times).
Photo: Inusa News.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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