Between April and May, the California unemployment rate dropped to 10.8 percent, the Los Angeles Times reports. Biggest job creators were hospitality and leisure employers.
How many new jobs did California employers create last month?
Employers created 33,900 jobs, of which 13,200 came from the hospitality and leisure sector. Education and health service businesses added 10,500 jobs, as did the business services sector.
Which are some of the largest hospitality and education sector employers in California?
California's Employment Development Department names the Crowne Plaza-Commerce Casino, Disneyland Hotel, Snow Summit Mountain Resort and Pala Resort as some of the largest employers in the hospitality sector. Largest education employers include the Orange as well as Colton Unified School Districts.
Which are the state's largest employers overall?
Career One Stop identifies the 32nd Naval Station in San Diego (42,951 workers), the UCLA Health System in Los Angeles (35,543) and UCLA (27,489) as being some of the largest California employers overall.
Is this a high number of new jobs for the state?
Not necessarily, AOL Jobs points out. In February 2011, California created 100,000 new jobs. Forty-thousand of these jobs were created in the high tech sector, movie and television added 15,500 jobs, as did the construction industry.
Why does the creation of new jobs fail to drop California's unemployment rate more significantly?
In 2011, the unemployment rate dropped only slightly to 12.2 percent. Even though the creation of new jobs leads to a drop in unemployment, the volume of the jobs is insufficient to make up the loss of 1.2 million jobs since January 2007. New job volume figures are also offset by recently lost jobs. For example, the L.A. Times reported that the State of California lost 4,200 jobs in April. Affected sectors included education, hospitality and construction.
Are there threats to the continued job growth in the state?
Changes in the regulatory landscape could upset any recent job gains. Case in point is the entertainment industry and the sectors it supports, such as hospitality and leisure, the Hollywood Reporter explains. Even though the state currently incentivizes movie and television productions via attractive tax credits, the funding for these credits is scheduled to run out -- if lawmakers fail to renew them. Competition for this industry comes from New York, Louisiana, Texas and Michigan.
Which employers may be instrumental in adding new jobs to the Golden State's economy in the future?
Immigrant entrepreneurs are a growing sector in California's economy, the Los Angeles Times highlights. About one third of the state's small business owners are immigrants. Frequently these businesses start out as family-run operations, but some expand to multiple locations and a staff of thousands. Cases in point are Northgate Gonzalez Markets, which currently operate 34 stores in Southern California.
Sylvia Cochran is a Los Angeles area resident with a firm finger on the pulse of California politics. Talk radio junkie, community volunteer and politically independent, she scrutinizes the good and the bad from both sides of the political aisle.
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