Healthy national employment gains are a good sign for California says Robert Kleinhenz, the chief economist of the Los Angeles County Economic Development Corporation’s Kyser Center for Economic Research.
But Kleinhenz cautions it could still take two to four years to see the unemployment rate at a normal level. The national jobless rate dropped to 8.3 percent from 8.5 percent in December. California’s December Unemployment rate was 11.1 percent. But Kleinhenz says that’s not surprising.
"Our unemployment rate through thick and thin is generally higher than for the nation as a whole," he says. "But we have seen the unemployment rate for the state come down, and it’s probably going to come down at a rate similar to what we see for the nation."
Kleinhenz says pockets of the state have fared better than others.
"The Bay Area has actually led the state due in part to the tech-based activity here," Kleinhenz says.