California created 107,100 jobs during the first six months of 2024

News

Jul 19, 2024

California created 107,100 jobs during the first six months of 2024

What you need to know: During the first six months of 2024, California created 107,100 jobs - more than doubling the number of jobs created during the same time period last year.

SACRAMENTO - Bringing California's job expansion to its 50th month, Governor Gavin Newsom today announced the state created 22,500 jobs in June 2024.

"California continues to lead the nation's economy and create good jobs throughout the state. Just this year, the state created over 107,000 jobs - more than doubling what we accomplished in the same time period last year."

Governor Gavin Newsom

In June, California created 22,500 jobs, bringing the total number of jobs created since April 2020 to 3,122,500. The state's unemployment rate held steady at 5.2 percent last month. California created 107,100 jobs in the first six months of 2024, which is more than double the 38,400 jobs the state created during the same time period last year. Seven of the state's eleven industry sectors gained jobs last month.

California's economy by the numbers

California is home to the most Fortune 500 companies - beating out Texas, Florida, and all other states. Travel spending reached an all-time high of $150.4 billion. Plus, leading the next generation, California is home to 35 of the world's 50 leading AI companies, high-impact research and education institutions, and a quarter of the technology's patents and conference papers. California has one of the most equitable tax systems in the entire country, and is #1 in the nation for new business starts, #1 for access to venture capital funding, #1 for manufacturing, #1 for high-tech, and #1 for agriculture.