The sun is finally shining on California again and we can safely say the recession is behind us. In June, that state’s unemployment rate dipped to 7.4 percent and all of the jobs lost during the recession have been restored.
According to the Los Angeles Times, “Data released by the U.S. Bureau of Labor Statistics on Friday showed that California added more than 24,000 jobs in June, capping a year of steady employment growth for the state. Over the past year, California’s unemployment rate has fallen from 9%, and the state has added more than 356,000 jobs.”
As a person that was born and raised in California and has run multiple businesses in the state, it’s both exciting and inspiring to see we’re quickly recovering from the recession. The positive outlook is not only good for people looking to acquire jobs in California or relocate to the state, but also business owners who have struggled over the past few years.
Despite making good progress, there’s still more room for improvement. California is tied with Washington, D.C., for the fourth highest U.S. unemployment rate.