Posted on 07/21/2018 7:52:22 AM PDT by SeekAndFind
California's Employment Development Department announced on Friday that unemployment held steady in June at 4.2%. That's the good news. The astonishing news is that the largest state in the union created a net gain of only 800 jobs.
The June numbers represent a pullback from May, when the Golden State added 7,200 jobs. And the gains in May were much smaller than April, when employers boosted payrolls by nearly 26,000.
The slowdown could signal that California is simply reaching full employment. Employers are struggling to find workers. Or it could be a sign of sagging confidence among executives. A growing trade war with China, for example, has unnerved companies in California's logistics industry and beyond.
Economists, however, cautioned against reading too much into one or two months of data.
Lynn Reaser, chief economist of the Fermanian Business and Economic Institute at Point Loma Nazarene University, said June's disappointing figures "warrant attention" and could be a sign of uncertainty around trade. But they are not cause for "undue alarm at this point."
"June's weak performance could be temporary," she said in an email.
Others said it was too early to see effects from the tariffs the Trump administration has placed on Chinese goods. An initial levy on $34 billion of Chinese goods, along with countermeasures by China, took effect in July following months of tariff threats and saber-rattling between the world's two largest economies. More tariffs have been threatened.
Michael Bernick, an attorney with Duane Morris and a former director of the Employment Development Department, said the slowdown was expected after a sustained stretch of job growth, noting that the current economic expansion is now the second longest in the post-World War II period.
(Excerpt) Read more at americanthinker.com ...
This is all about California:
What Happens When Democrats Run Your State?
https://www.youtube.com/watch?v=mn1fxChSbYk
Companies and people leaving the state could have something to do with it
I’m sure that its much higher than 800, but the rest are being paid under the table to illegals.
Missing the punchline——
The 800 jobs were for paper shuffling bureucrats assigning welfare money and free housing vouchers to one hour of illegal immigrant arrivals. Note: They don’t tear the children away from their mothers even if the “children” are armed teen terrorists and the non-relatives with no common DNA they arrived with are real “mothers” as in mo’ fo’.
Ya dig?
That.
CA’s main product anymore is crapping in the streets. San Francisco is experiencing bumper crops. (bumper craps?)
Almost everyone and I do mean everyone tells me they want to move out of California!! Those that can are!
Keep your job openings on the down low. If you don’t advertise openings, you don’t have worry about being sued by every other freak who applies.
Our 2 grand kids, accounted for 6 of those new jobs. They have had more good paying job offers this year than all of the previous summers.
Probably 800 Trump-bashing jobs. California couldn’t create a real job if it wanted to.
“Keep your job openings on the down low. If you don’t advertise openings, you don’t have worry about being sued by every other freak who applies.”
See my reply #10 below. Two grand kids with 6 good paying jobs. They were contacted by the employers, got a job and recommended their siblings for jobs, which they got.
“...Companies and people leaving the state could have something to do with it...”
It does. And so does the FACT that the California Democrat government is so anti-business (good commies) that people with any sense do not want to set up businesses in the state. And so many have moved out — saving HUGE amounts costs and confiscatory taxation as well as avoiding the excessive RAT legislation.
Currently, California has a an $8.8 billion budget surplus.
https://www.sacbee.com/news/politics-government/capitol-alert/article210940359.html
“CA’s main product anymore is crapping in the streets.”
CA generated $46 billion in agricultural production last year.
How about YOUR state?
It does mot seem that California is going bankrupt anytime soon as the state has a budget surplus. On the other hand, Texas does not.
“California couldn’t create a real job if it wanted to.”
Only stupid people believe that.
“And so many have moved out”
CA is home to more Fortune 1000 corporate HQ than any other state.
With all that fertilizer, it’s no wonder. How dare your state produce all that filthy money.
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