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Monthly Jobs Report April 21, 2025
California's traditional jobs report suggests the state shed 12k jobs in March, and the prior month's report was revised down from -7k to -22k jobs. The state's traditional jobs report has shown a net job decline of 55k jobs over the past three months. In contrast, employment numbers from a secondary source, a household survey, have been somewhat more stable. Our hybrid measure that incorporates the household survey and has more closely tracked final jobs data suggests the state has lost 6k jobs over this period.
Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 March 21, 2025
Each year, the U.S. Bureau of Labor Statistics revises the state's jobs numbers to match actual payroll records from businesses. The latest revisions updates the survey data through September 2024 and lowered California job gains from 260k to 60k over the year. The corrected data show the state's labor market grew just 0.3 percent between September 2023 and September 2024, while the preliminary monthly reports had showed the labor market roughly in line with the rest of the country (about 1.5 percent) over that period.
Data Revisions Shows Monthly Survey Again Overstating Job Growth December 16, 2024
Since mid-2022, the state's monthly jobs survey has tended to overestimate actual employment growth. The data revision from the first quarter of 2024 gave some hope that this pattern was correcting, but the newest incoming data show the monthly survey again overstating employment. Specifically, the most recent match to administrative records shows the survey overestimated job creation from March through June this year by roughly 150,000 jobs (preliminary survey gain of 68,000 relative to matched net loss of 78,000 jobs).
California's Private-Sector Labor Market Showing Broad Weakness July 1, 2024
The state's modest job growth over the past two years is a tale of two labor markets. Hiring in public and publicly supported sectors has bouyed job losses in many of the state's high-paying private sectors. While job losses have hit California, nationally these private-sector industries are faring much better.
Newest Early Jobs Revision Shows No Net Job Growth During 2023 June 17, 2024
A newly released "early benchmark" of the official state jobs figures shows that payroll jobs declined by 32,000 from September 2023 through December 2023, whereas the official state tally showed growth of 117,000 jobs over that period. With the fourth quarter early revision, calendar year 2023 shows essentially no net job gains.
Annual Revision Shows State Added Few Jobs Last Year March 13, 2024
Each year, the U.S. Bureau of Labor Statistics revises the state's jobs number to match actual payroll records from businesses. The latest revision lowered its count of California jobs by 1.5 percent. The corrected data show that the state added just 50,000 jobs between September 2022 and September 2023, while preliminary monthly reports had showed the labor market growing by more than 300,000 jobs.
Updated Unemployment Insurance Fund Forecast Shows Structural Deficit January 16, 2024
The administration's most recent Unemployment Insurance (UI) Trust Fund forecast shows that UI benefit payments will exceed state payroll tax receipts by $1.7 billion in 2024, after surpassing receipts by $1.3 billion in 2023. As a result, the state's outstanding UI loan from the federal government is set to increase over the next two years, despite automatic employer payroll tax increases to repay the loan.
Holiday Hiring Sluggish January 3, 2024
October and November holiday season retail job growth remained relatively weak for the second year in a row. One plausible explanation for this weakness might be the continued transition to online holiday shopping, but transportation and warehousing jobs (where goods and packaged and delivered) has also been sluggish this holiday season.
July 2022 Jobs Report August 22, 2022
California added 84,800 jobs in July, about twice the level of recent months. Job gains for June were revised upward as well, from 19k to 37k.
June 2022 Jobs Report July 25, 2022
California businesses added 19,900 jobs in June, about half as much as recent months and the slowest gain since last September.
May 2022 Jobs Report June 20, 2022
California businesses added 42,900 net jobs in May (seasonally adjusted), about the same as April and another month of slower job growth than seen in the past year.
April 2022 Jobs Report May 20, 2022
California employers added 41,400 net jobs in April (seasonally adjusted), the smallest net gain in the past six months.
March 2022 Jobs Report May 11, 2022
California employers added 60,200 jobs net jobs March (seasonally-adjusted), a 4.2 percent increase on an annual basis.
December 2021 Jobs Report January 24, 2022
California employers added 50,700 net jobs in December, representing annualized growth of 3.6 percent.
October 2021 Jobs Report November 19, 2021
California employers added 96,800 net jobs in October, the highest monthly figure since July.