California Unemployment Rate Falls to Record Low 4.1 Percent

Labor News

Phil Wiggett, right, a recruiter with the Silicon Valley Community Foundation, looks at a resume during a job fair in San Jose, California. California's unemployment rate fell to a record low of 4.1 percent in September, down from 4.2 percent for the previous five months. The state Employment Development Department says Friday, October 19, 2018, that California's employers had a net gain of 13,200 nonfarm payroll jobs during September. The largest increase occurred in the professional and business services sector, followed by leisure and hospitality, government and the mining and logging sector. Educational and health services led job losses.

Reprinted from The San Francisco Chronicle by Don Thompson on October 19, 2018.

The good economic times keep rolling in California, where the jobless rate fell to a record low 4.1 percent in September and the state’s rural and agricultural areas are seeing historically low unemployment.

Numbers released Friday show more than eight straight years of employment increases, California’s second-longest expansion since World War II.

Jobless rates in the San Francisco Bay Area fell below 3 percent. But Central Valley, rural northern and inland southern counties that traditionally have at least 8 percent of their residents unemployed are down several percentage points.

California still trailed the comparable nationwide unemployment rate of 3.7 percent. …

SF Chronicle 10/19

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