Employers Dropped 17,000 Jobs
The state’s top economist calls the latest California job numbers a pause in the incremental steps toward recovery.
Friday, August 13, 2004
The portion of California’s workforce without jobs dropped to six-point-one percent in July, down from six-point-three percent in June. That number includes the self-employed but state Department of Finance Economist Howard Roth says some bad news comes from the narrower payroll survey, which shows employers dropped more than 17-thousand jobs last month. The news comes on the heels of last week’s announcement that the nation’s payroll grew by only 32-thousand jobs, far below expectations. Cut:Roth1 (:12) “We had earlier in the year clear signs that in both economies the expansion had accelerated. And then in these last two months, June and July… the numbers have been weak.” Roth says most of the job losses occurred in the information sector, which includes motion picture production. SOC