The state of California saw a record-low unemployment rate in July, as well as the largest job gain since February.
According to state numbers released this mont by Gov. Gavin Newsom’s office, California’s unemployment rate dropped to 3.9 percent, a rate that hasn’t been seen since the data series began in 1976. Before the COVID-19 pandemic, California’s unemployment rate was at 4.1 percent.
July also marks the seventh consecutive month that California has seen an employment gain, with the number of employed people increasing by 23,000.
“Californians are getting back to work with record low unemployment,” Newsom said in a statement. “We have historic reserves and we’re putting money back in peoples’ pockets as we continue to lead the nation’s economic recovery.”