The state Employment Development Department said Friday that California gained more than 24 thousand jobs in June, with education and health services seeing the largest increase. The state's construction industry saw the weakest growth.
Olga Hernandez is a research analyst for the department and says the unemployment rate is measured by the number of people who are not actively part of the labor force and who receive unemployment insurance.
San Luis Obispo County's economy is looking pretty good according to the latest report delivered Friday morning in Paso Robles by an economic team out of Los Angeles.
"Jobs are up, incomes are up, production is up, housing prices are up, credit is standing. When you add it up, everything is going in the right direction," said Chris Thornberg, considered one of California's leading economists and the founding partner of Beacon Economics.
The latest unemployment numbers from the state of California show the Central Coast continues to have among the lowest unemployment rates in the state.
San Luis Obispo County's April jobless rate was 5.2 percent, while Santa Barbara County came in at 5.4.
Raymond McDonald is with the Santa Barbara County's Workforce Investment Board and cautioned that these numbers are new and will be adjusted over time, but he says it is encouraging to see numbers return to pre-recession levels.
Long term and high unemployment is now frighteningly common across the developing world. In his recent study, professor Ofer Sharone reveals how different labor market institutions give rise to job search games.