California Sees Job Market Rebound in May

State posts significant employment gains, lowering unemployment rate for the first time in nearly two years.

California added 43,700 jobs in May, representing 16.1% of the nation's total job growth.
The state's unemployment rate decreased to 5.2%, down from 5.3% in April.
Southern California saw a hiring pace 15% above pre-pandemic levels, with significant job additions in Los Angeles and Orange counties.
The Bay Area experienced a notable surge, with the South Bay leading regional job growth.
Despite overall gains, manufacturing and high-paying information sectors continued to lose jobs.