Pacific Union Real Estate: California’s August Jobs Report

 

California’s August Job Gains Are Another Win

 

  • August was another solid month for job additions in California, with employers creating 44,800 positions.
  • The August increase was more than two-and-a-half times the gain seen over the last two years, confirming 2018’s strong labor market. In the last year, California has added a total of 348,900 jobs.
  • Considering the robust job increases recorded over the summer, California’s 2.1 percent employment growth is again trending above the national rate of 1.6 percent.
  • San Francisco and San Mateo counties added 2,800 jobs from July, and the unemployment rate dropped to 2.3 percent in August.

 


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