Intersections: A Monthly Go-To for Reliable Facts and Analysis About California's Debt, Investments and Economy

Vol. 1, No. 8, Published December 9, 2015

California Job Tracker: 3 More Regions Recover Jobs Lost During Recession

By Lynn Reaser

stock market bear and bull

California�s job gains deepened and broadened further in October as the state�s economy continued to post good momentum. The state added more than 40,000 jobs over the month, while the jobless rate fell to 5.8 percent, the lowest level in eight years.

The job recovery has also now reached 25 of California�s 29 metropolitan areas. Between September and October, the latest numbers indicate that three additional areas have been added to the list of those fully recovering all of the losses experienced during the Recession. These include Oxnard-Thousand Oaks-Ventura, Santa Cruz, and Vallejo-Fairfield.

Only four remain, including the large Sacramento area, which appears only one to two months away from achieving its prior job peak.

Figure 16: 25 of California�s 29 Metro Areas Have Recovered Recession Job Losses
(As of October  2015)

Map of California showing areas which have recovered or not recovered

Sources: California Employment Development Department, Labor Market Information; Fermanian Business and Economic Institute

Figure 17: Job Recovery by the Numbers (As of October 2015)

(Nonfarm Employment, Seasonally Adjusted)

The Los Angeles-Long Beach-Glendale metropolitan district is the largest region to regain jobs lost during the Recession, while Oxnard-Thousand Oaks-Ventura, Santa Cruz, and Vallejo-Fairfield are the most recent regions to rejoin the recovery club. Twenty-five out of 29 metropolitan areas have totally recovered all of the jobs lost during the Recession.

*Numbers for the San Francisco-Redwood City-South San Francisco Metropolitan District and San Rafael Metropolitan District are not seasonally adjusted.

Sources: U.S. Bureau of Labor Statistics, California Employment Development Department, Fermanian Business and Economic Institute

See raw data: Employment numbers by region.

Lynn Reaser is chief of the Treasurer’s Council of Economic Advisors and chief economist at the Fermanian Business and Economic Institute for Point Loma Nazarene University. The opinions in this article are presented in the spirit of spurring discussion and reflect those of the author and not necessarily the Treasurer, his office or the State of California.