We often hear about the unemployment rate when the economy is down. In good times like we are experiencing now, the employment rate in California has been rising steadily, and it’s important to note that too.
New data released by the California Economic Development Department suggests this trend is likely to continue, according to one recent article from the San Francisco Bay News.
Numbers released in July show the state unemployment rate has fallen to 6.2 percent. The previous rate for the month of June was 6.1 percent, so these numbers are slightly better, which is a good sign.
However, because to month-to-month fluctuations can and do happen without regard to the national and local economy, it is often helpful to look at year-over-year rates. Last year at this time, the California unemployment rate was 7.4 percent. Unlike the 0.1 percent rise we saw from June to July of this year, we can see that the unemployment rate has fallen significantly overall in the past year. Continue Reading ›