Employment up 43k jobs
Job growth in California accelerated sharply in October.
Monday, November 15, 2004
Non-farm payroll employment was up by 43 thousand five hundred last month, the strongest job growth in four years. The state’s chief economist Howard Roth said the so-called “jobless recovery” may finally need to be re-named. CUT: Roth16 :16 The state’s unemployment rate dropped three tenths of a per cent from September to five point seven per cent of the state workforce. That’s the lowest jobless rate since September 2001. Economist Roth says the positive jobs news may motivate discouraged workers to re-enter the job market, which could cause the unemployment rate to climb again. SOC