National job numbers for June were released Friday and there were some stark differences from 2016.
As reported by the Wall Street Journal, hiring nationwide increased last month, with 222,000 seasonally adjusted jobs added. Meanwhile, the U.S. Labor Department also saw a rise in unemployment rates by a tenth of a percentage point, making it 4.4 percent. This means more Americans are entering the work force, but may not be finding jobs.
So what economic factors went into the rise in hiring? And what states, including California, are thriving or seeing challenges in the labor market?
Chris Thornberg, Ph.D, founding partner of Beacon Economics; his focus includes economic forecasting, employment and labor markets and economic policy