LOTS OF DATA, LOTS OF CHARTS! This morning the California Employment Development Department released it latest labor market information data. The data shows improvement in the Golden State’s labor market with the seasonally adjusted unemployment dropping to 7.6 percent, a level last seen in August 2008. The data also contained small improvements in the labor force as 4,600 Californians entered the labor force. Total state employment rose 39,800 to 17.2 million and unemployment fell by 35,200 to a total of 1.42 million.
California’s Employment Development Department (EDD) released new numbers on Thursday showing stark improvements in the state’s employment situation. EDD reports California’s unemployment rate fell to 8.5 percent and nonfarm payroll increased by 30,200. To look at this report with a