IE Business Daily Business news for the Inland Empire.
California added nearly 20,000 non-agricultural jobs in August, a modest expansion to the state’s labor market.
The state, which has added jobs at a steady pace in the last 18 months, has now recovered 98.3 percent of the jobs it lost when the pandemic began in the spring of 2020 when the pandemic began, according to data released Friday by the state Employment Development Department.
Currently, there are approximately 47,300 fewer people employed in California compared to February 2020, when COVID-19 first hit the United States.
California’s unemployment rate grew to 4.1 percent in August, a 0.2 percentage-point increase from July. However, July’s unemployment rate was among lowest level ever recorded, and the state’s unemployment rate is still low.
California also continues to struggle with its labor supply, which grew by 32,400 last month.
The Inland Empire’s unemployment rate was 4.2 percent in August, according to the development department.
