California unemployment rate at 5.4 percent in March; adds 4,200 jobs
Nathan Andrada – Fourth Estate Contributor
Sacramento, CA, United States (4E) – California added 4,200 jobs and the unemployment rate dropped to 5.4 percent in March, according to data from the Employment Development Department released Friday. The unemployment rate is the lowest since July 2007.
Despite the decline in unemployment rate, it continues to be higher than the average U.S. unemployment rate at 5 percent, an indication that some parts of the state are still having labor markets that are struggling. Job cuts in a number of industries hamper job growth particularly in high-paying fields like business and professional services.
Over the past year, however, the job market has improved as California employers have added 420,800 positions since March 2015, a gain of 2.6 percent.
Trade, transportation and utilities was the sector with the most contribution in March with 11,100 workers added. Seven other sectors, including manufacturing, professional services, hospitality, information, mining, other services and construction, cut a total of 18,400 jobs.
Construction, which generally provided the most job gains for California, shed 7,400 jobs in March, the largest drop of any industry.