State’s economy grows while manufacturing job losses continue

By CMTA Staff

Capitol Update, Oct. 14, 2005 Share this on FacebookTweet thisEmail this to a friend

According to just-released data from the California Department of Finance, California's economic expansion and service sector job growth continued in August while 1,500 manufacturing jobs were lost during the month.

The Department of Finance reports that California has created jobs every month this year, at an average monthly rate of 20,400.  Another 17,200 were added in August.  Trade, Transportation and Utilities added 7,400 jobs; Leisure and Hospitality, 5,300; Construction, 4,900; Financial Activities, 2,100; Educational and Health Services, 2,100; Professional and Business Services, 1,600; and Natural Resources and Mining, 300.

From August 2004 to August 2005, California payroll employment grew by 223,300, or 1.5 percent.  Employment rose in nine out of 11 major industry sectors.  Employment rose by 60,900 in Construction; 40,700 in Professional and Business Services; 40,400 in Leisure and Hospitality; 22,300 in Trade, Transportation and Utilities; 22,000 in Educational and Health Services; 14,300 in Financial Activities; and 12,100 in Government.  Information and Other Services each added 5,600 jobs.  

Over the same period, employment fell by 500 in Manufacturing and 100 in Natural Resources and Mining.
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