Capitol Update 9/22/2023
Recovery Progress: California Numbers Show Substantial Weakening The August numbers show substantial weakening in the state numbers. Nonfarm jobs (seasonally adjusted) were up by 23,100, but July’s respectable gain of 27,900 was slashed to only 8,900 in the monthly revision. The preliminary benchmark revisions for March 2023 … read more
Capitol Update 9/11/2023
Contractors add 22,000 jobs in Aug. Construction employment remained healthy in August, with increases across most sectors as contractors added 22,000 jobs, according to the Bureau of Labor Statistics. The industry experienced a 3.9% unemployment rate, the same as in July and in August 2022. Full … read more