California created 107,100 jobs during the first six months of 2024
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~ SACRAMENTO - California's economy continues to thrive as the state created 107,100 jobs during the first six months of 2024. This number more than doubles the amount of jobs created during the same time period last year, showcasing the state's strong job growth.

Governor Gavin Newsom announced this news, stating that California has now reached its 50th month of job expansion. In June alone, the state created 22,500 jobs, bringing the total number of jobs created since April 2020 to an impressive 3,122,500. The unemployment rate remained steady at 5.2 percent in June.

Governor Newsom expressed his pride in California's economic success, stating that the state continues to lead the nation's economy and create good jobs for its residents. He also highlighted that in just six months of this year, California has already surpassed its job creation numbers from last year.

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Out of the eleven industry sectors in California, seven saw job growth in June. This further solidifies the state's diverse and robust economy.

In addition to job growth, California also boasts impressive numbers in other economic areas. It is home to the most Fortune 500 companies compared to any other state and has reached a record high of $150.4 billion in travel spending. The state is also leading in technology and innovation with 35 of the world's top AI companies located within its borders.

Furthermore, California has been recognized for having one of the most equitable tax systems in the country and ranks first for new business starts, access to venture capital funding, manufacturing, high-tech industries, and agriculture.

The future looks bright for California's economy as it continues to thrive and create opportunities for its residents. With strong leadership and a diverse range of industries driving its success, it is no surprise that California remains a top destination for businesses and individuals alike.

Filed Under: Government, State
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