California Adds Over 60,000 Jobs

More than half of the states in the nation have been doing extremely well in the area of job creation and growth. The state of Texas has added more than 25,000 positions, and Florida added almost 22,000 to their state payroll. California has been one of the best states to notice job growth and a drop in their unemployment rate. Recent data shows that the employers throughout California were able to add 60,400 jobs, in the month of December alone. This is one of the largest single month job growth numbers seen for the state over the past three years.

A look at California’s job growth stats

Governor Jerry Brown has been boasting about his state over the past several months, even referring to the job growth as a California comeback. Based on numbers, California added jobs at a faster rate than the rest of the nation. They had a 2.9 percent faster rate than the 1.9 percent nationwide rate. In addition to job growth, unemployment rate remained about the same from November to December with 5.8 percent.

The construction industry in California  noticed one of the fastest growth rates, with expanded payrolls at 8.6 percent. Professional and business sectors were also up 5 percent, while manufacturing was down slightly. According to a California Solar Jobs Census report, one in three employees works in the solar industry in California. 2015 was a record breaking year for this sector as they added at least 20,000 jobs throughout the state.

Will California continue this trend?

Officials are questioning if the state can keep these numbers up, especially with the economic slowdown currently going on in China. This might have an effect on the American market, but as of right now, the state remains in a “yellow zone”.

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Wal-Mart Closing Stores in California

Wal-Mart is one of the largest retailers in the United States and for good reason. The store offers great low pricing and a wide variety of items, including groceries. It was recently announced by Wal-Mart Stores Inc. that there are plans to close 269 stores, including 154 in the U.S. Nine of those stores are going to be closing throughout the state of California. This news has left many residents worried about how the closings will affect their communities.

Stores to close in California

Two stores have already closed, and five are set to close this week. The Los Angeles Wal-Mart store on Crenshaw Boulevard, the Wal-Mart Neighborhood Market located in Chinatown on West Cesar E. Chavez Avenue, and store in Oakland were all closed on Sunday January 17th.

Five locations set to close on January 28th include stores in Long Beach, Altadena, Bell Gardens, Hawaiian Gardens, and San Bernardino. Many of the locations that are closing are not full service Wal-Mart locations, but rather Wal-Mart Market stores which specifically sell groceries.

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Bright Outlook For California Jobs

The state of California has seen a decrease in unemployment numbers over the course of the 2015 year. Being such a highly populated state, lowered unemployment numbers mean job growth throughout the state. Labor analysts were able to determine that California’s Bay Area is looking especially bright for future jobs. Employment in the Bay Area alone is looking brighter, but the state of California as a whole created a great amount of jobs in 2015.

Job development in 2015

Labor lawyer and former director of the Employment Development, Michael Bernick, said that California’s labor market did extremely well in 2015. In fact, over 400,000 jobs were created throughout the year. This is a trend that has been continuing since the recession. Since 2010 through 2015, the total number of jobs created around the state totals about 2.1 million.

Back in 2010, California had an unemployment rate of 12.5 percent, and in just five years, that number decreased to only 5.7 percent. This decrease over the past couple of years might be due to a change in the workplace since the recession. Bernick said there has been a breakdown of full-time work into part-time work, contingent work, and independent contracting.

Jobs look bright in 2016

It is no surprise that with the decrease in unemployment rates and steady job growth since 2010 that Bernick says California is only expected see continued job growth in 2016. Bernick believes that there will be an increased in independent contracting positions, which might decline full-time positions with benefits.

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5 Best Cities to Find A Job in California

5 Best Cities to Find A Job in California

As the state of California has noticed a decrease in the number of individuals unemployed, it is important to take a look at the cities, throughout the state, that are best when looking for a job. In order to determine the best cities to find a job, experts have to look at positions that are available in each area, as well as jobs that are on the rise, and those which are declining.

WalletHub Findings

WalletHub analysts completed a comparison of the top 150 most populated cities in the United States against a range of about 17 key metrics. These metrics spanned from job opportunities available in each city to the rate of employment growth. The National Association for Business Economics expects that non-farming positions will grow to over 200,000 jobs per month because the national unemployment rate has fallen to 4.7 percent. Recent college graduates are expected to see the biggest boost in both job prospects and their earning potential.

The National Association of Colleges and Employers has stated that in 2015, more than 60 percent of employers wanted to start raising starting salaries for those with a Bachelor’s degree. These statistics helped WalletHub with their findings, including the best cities to find a job in California.

How WalletHub Ranks

To begin, WalletHub analysts looked at the main dimensions, which include Job Market and Socioeconomic Environment. They believe that these two categories will have the most heavy influence. Each of these two categories looked at subcategories, which had their own total number of weighted points, totaling 100. Values ranged between 0-100, with 100 being the best value.

In the category of Job Market, subcategories include Job Opportunities, Employment Growth, Monthly Median Starting Salary, Unemployment Rate, Industrial Variety, Full-time Employment, Percentage of Employed Residents Living Under the Poverty Line, and Disability Friendliness.

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