California's unemployment rate fell to historically low levels in July, while adding the state's largest job gain since February and the second largest since August 2021.
"Californians are getting back to work with record low unemployment," noted the governor Gavin Newsom. "We have historic reserves and are putting money back into people's pockets as we continue to lead the nation's economic recovery."
Through a press release, the state government detailed that the number of employed Californians increased for the seventh consecutive month.
Thus, California added 84,800 nonfarm jobs and the private sector made a full recovery from the pandemic-induced recession.
In July, California's unemployment rate fell from 0.3 percent to 3.9 percent, setting a new all-time low dating back to the official data series that began in 1976.
The unemployment rate also fell below the pre-pandemic level of 4.1 percent in February 2020 and the number of unemployed Californians fell in July to a 33-year low.
California added 84,800 nonfarm jobs in July, the state's largest job creation since February and the second since August 2021, bringing total nonfarm employment in the state to 17,618,100 jobs.
The state accounted for 16.1 percent of the nation's new jobs in July.
California has also recovered all of the private sector jobs lost during the pandemic-induced recession.
The number of employed Californians increased by 23,000, the seventh consecutive month of employment gains in the state.
So far this year, California has created 477,600 - 14.5 percent - of the nation's 3,296,000 new jobs.
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