IE Business Daily Business news for the Inland Empire.
California added nearly 20,000 non-agricultural jobs in July, the 113th consecutive month the state has experienced job expansion, according to data released Friday.
The states’s unemployment rate fell to a near-record low of 4.1 percent, thanks mostly to strong job gains in healthcare, administrative support, finance-insurance and transportation-logistics, the State Employment Development Department reported.
California, the most populous state in the country, has added 311,800 jobs during the past year, the equivalent of 1.8 percent year-over-year growth. That’s slightly better than the national growth rate of 1.5 percent during that time.
The state’s 113 consecutive months of job growth ties a record it set during the early 1960s.
Locally, the Inland Empire added approximately 9,500 jobs between June and July, the largest job gain of any submarket in Southern California, the employment development department reported.
