California unemployment rate falls to 5.4% in February

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California unemployment rate falls to 5.4% in February
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The state has added jobs in 12 out of the last 13 months, averaging about 101,700 new jobs per month. California ranks third in the nation for the fastest job growth, behind Nevada and Hawaii.

A"now hiring" sign hangs in the window of Filipe's Pizza in Escondido, Calif. Aug. 9, 2021.

Ten of the state's 11 industry sectors added jobs in February. The leisure and hospitality sector had the biggest jump, adding 30,400 jobs. Most of that happened in Los Angeles County, which is heading into its first somewhat normal tourism season since 2019. The county, which has an outsized number of service industry jobs, accounted for 44% of all job gains in the state.

"These latest numbers show that California is continuing to drive our nation's job growth," Democratic Gov. Gavin Newsom said. “California's economy is humming,” he said. “It's encouraging that we are seeing both employment as well as labor force moving in the right direction.”

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