The following is from a daily email, The Nooner, by Scott Lay (please note that information has been deleted from the original email for space):
CA ECONOMY: On Friday, we received generally good employment news for the Golden State. The unemployment rate remained steady at 4.2%, That’s a decline of 0.5% from July 2017. July saw a net game on 46,700 net jobs from June. The labor force increase by 113,000, which combined with the unemployment rate, paints a very good picture.
Of the eight economic sectors tracked, only construction (-1,200) and financial services (-900) experienced declines. The top three month-over-month increases were in numbers were professional and business services (15,100), trade, transportation and utilities (11,200), and leisure and hospitality (9,500).
Five counties with the lowest unemployment in July (not seasonally adjusted):
- San Mateo: 2.3% (-0.9% from July 2017)
- San Francisco: 2.4% (-1.0% from July 2017)
- Marin: 2.5% (-0.9% from July 2017)
- Napa: 2.9% (-1.0% from July 2017)
- Sonoma: 2.9% (-1.0% from July 2017)
Five counties with the highest unemployment in July (not seasonally adjusted):
- Imperial: 19.3% (-4.9% from July 2017)
- Colusa: 10.5% (-1.1% from July 2017)
- Tulare: 9.3% (-1.5% from July 2017)
- Kern: 8.1% (-1.6% from July 2017)
- Merced: 8.1% (-1.6% from July 2017)