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AirTalk

What June’s job numbers say about the California economy and nationwide employment

By AirTalk Staff
Published Jul 7, 2017
In this photograph taken on May 30, 2017, an Indian welder works on part of a pantoon bridge used to cross the River Ganges during festivals in Allahabad. India's economic growth slowed to 7.1 percent for the 2016-17 financial year, according to official data released May 31. Growth for the 12 months ended March 31 was well below a revised figure of eight percent for the previous year, and follows the government's shock move last November to ban most of the currency in circulation. / AFP PHOTO / SANJAY KANOJIA (Photo credit should read SANJAY KANOJIA/AFP/Getty Images)
President Trump commented on steel in his tweet about new job numbers.
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SANJAY KANOJIA/AFP/Getty Images
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What June’s job numbers say about the California economy and nationwide employment

National job numbers for June were released Friday and there were some stark differences from 2016.

As reported by the Wall Street Journal, hiring nationwide increased last month, with 222,000 seasonally adjusted jobs added. Meanwhile, the U.S. Labor Department also saw a rise in unemployment rates by a tenth of a percentage point, making it 4.4 percent. This means more Americans are entering the work force, but may not be finding jobs.

So what economic factors went into the rise in hiring? And what states, including California, are thriving or seeing challenges in the labor market?

Guests:

Eric Morath, labor and economics reporter for the Wall Street Journal; he has been following the story; he tweets

Chris Thornberg, Ph.D, founding partner of Beacon Economics; his focus includes economic forecasting, employment and labor markets and economic policy