A study by the UC Berkeley Center for Labor Research and Education finds job growth has slowed in California – the state added about 200-thousand jobs over the last 12 months…compared to 300-thousand in the year prior. Researcher Arindrajit Dube says it’s due largely to the housing industry slow down:
“The state had added 40-50-thousand construction jobs each of the prior three years, but in the last 12 months, the number of jobs went down by 12,000.”
And a report by the non-partisan California Budget Project suggests job losses in the housing-related industries have yet to bottom out. Both studies also notes unemployment is up in California. On the positive side, the C-B-P report cites census figures that show the median household income increased in 2006. And the UC Berkeley study shows wages are up for the lowest earners. They attribute that mostly to the recent minimum wage increase.