Web Version [link removed] | Update Preferences [link removed] [link removed] Full California Jobs Report for

June 2023

The Center for Jobs and the Economy has released our full analysis of the June Employment Report from the California Employment Development Department. For additional information and data about the California economy visit www.[[link removed]].

Highlights Recovery Progress [[link removed]] Job Openings Up 112K [[link removed]] Unemployment Claims Remain Above 2022 Levels [[link removed]] Wage Growth Still Ahead of Inflation [[link removed]] Real GDP Grows Slower than US Average [[link removed]] Personal Income Misses Budget Projections [[link removed]] CaliFormer Businesses [[link removed]] Wage Growth Still Ahead of Inflation

The average hourly wage for all workers (12-month moving average) has shown some slowing in the past few months as lower wage seasonal jobs have produced their typical effect on the average. Considered over a longer term, hourly wage growth remains ahead of inflation as measured by the California CPI. The stronger gains opened up by the pandemic, however, saw significant erosion due to the recent upsurge in inflation.

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Report Online [[link removed]] The California Center for Jobs and the Economy provides an objective and definitive source of information pertaining to job creation and economic trends in California. [[link removed]] Contact 1301 I Street Sacramento, CA 95814 916.553.4093 If you no longer wish to receive these emails, select here to unsubscribe. [link removed]