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.centerforjobs.org/ca.

• Recovery Progress

• Job Openings Up 112K

• Unemployment Claims Remain Above 2022 Levels

• Wage Growth Still Ahead of Inflation

• Real GDP Grows Slower than US Average

• Personal Income Misses Budget Projections

• CaliFormer Businesses

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.