With ongoing job growth and a steadily falling unemployment rate, California is leading the nation in economic expansion, according to the California Employment Development Department’s annual Labor Day report.
The report noted that California’s jobless rate was 6.2 percent in July, down from a peak of 12.2 percent in 2010 and the lowest rate since February 2008.
From July 2014 to July 2015, EDD said California added more than 494,000 non-farm jobs, the most in the nation.
The EDD report said in-state job growth has been broad-based, with 10 of California’s 11 major industry sectors posting year-over-year job gains in July.
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