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February 2024’s Unemployment Rate Increases Slightly to 5.3 Percent

Published:

NR No. 24-11
Contact: Loree Levy/Aubrey Henry
916-654-9029
mediainquiries@edd.ca.gov

IMPORTANT NOTE:The employment data for the month of February 2024 is taken from the survey week including Feb. 12. Data for March is scheduled for release on April 19, 2024.

Employers lost 3,400 nonfarm payroll jobs

SACRAMENTO – California’s unemployment rate increased to 5.3 percent1 in February 2024, up from 5.2 percent in January, with a loss of 3,400 nonfarm payroll jobs2. Also, the State’s January nonfarm jobs estimate was revised down by 32,500 jobs to a total gain of 25,600 for that month. This is according to data released today by the Employment Development Department (EDD) from two surveys.

The California unemployment rate was 4.5 percent in April 2023, up 0.1 percent from March 2023’s rate of 4.4 percent.
California payroll jobs totaled 19,404,300 in April 2023, up 32,700 from March 2023 and up 157,500 from April

California's Labor Market, by the Numbers...

  • The State's jobs market expansion turned 46 months old in February 2024. California has gained 3,037,600 jobs since the pre-pandemic peak in February 2020, which averages out to 66,035 per month.
  • California's downward-revised January 2024 nonfarm jobs total mirrors the nation, which also saw a large downward revision of approximately 124,000 jobs. The U.S. unemployment rate rose 0.2 percent to 3.9 percent, the highest since January 2022.
  • Four of California's 11 industry sectors gained jobs in February with Private Education & Health Services (+15,400) once again having the largest month-over gain thanks to strength in Other Health Practitioners (such as acupuncturists and dieticians) as well as Home Healthcare Services and Individual and Family Services.
  • Noticeable month-over losses were seen in Construction (-9,600) thanks to employment reductions in several industry subsectors due, in part, to disruptions from the multiple “atmospheric river” storms that hit the state throughout the month.
  • Trade, Transportation, and Utilities (-7,300) also saw a dip. Declines in sub-sectors like Machinery, Equipment and Supplies Merchant Wholesalers contributed as the nation overall saw lower consumer discretionary spending and demand.

1. The unemployment rate comes from a separate federal survey of 5,100 California households.
2. The nonfarm payroll job numbers come from a federal survey of 80,000 California businesses.

Data Trends about Jobs in the Economy

Total Nonfarm Payroll Jobs (Comes from a monthly survey of approximately 80,000 California businesses that estimates jobs in the economy – seasonally adjusted)

  • Month-over – Total nonfarm jobs in California’s 11 major industries amounted to 17,971,100 in February – a net loss of 3,400 from January. This followed a downward revised (-32,500) month-over gain of 25,600 jobs in January.
  • Year-over – Total nonfarm jobs increased by 179,700 (a 1.0 percent increase) from February 2023 to February 2024 compared to the U.S. annual gain of 2,748,000 jobs (a 1.8 percent increase).

 

Major Industries Month-over Change (January 2024-February 2024) Year-over Change (February 2023-February 2024 Total Payroll Jobs as of February 2024

Private Education and Health Services

+15,400 +180,100 3,212,000

Professional and Business Services

+1,900 -33,400 2,775,200
Leisure and Hospitality +1,200 +40,800 2,032,400

Mining and Logging

+100 +500 20,100

Information

-200 -54,200 536,500

Government

-300 +61,100 2,642,500

Other Services

-500 +18,600 598,300

Manufacturing

-1,400 -12,500 1,329,600
Financial Activities -2,700 -13,200 805,500

Trade, Transp., Utilities 

-7,300 -19,600 3,093,900

Construction

-9,600 +11,500 925,100

 

Total Farm jobs – The number of jobs in the agriculture industry decreased from January by 2,100 to a total of 425,000 jobs in February. The agriculture industry had 26,100 more farm jobs in February 2024 than it did in February a year ago.

Data Trends about Workers in the Economy

Employment and Unemployment in California (Based on a monthly federal survey of 5,100 California households which focuses on workers in the economy)

  • Employed – The number of Californians employed in February was 18,321,900, a decrease of 20,100 persons from January’s total of 18,342,000 and down 82,600 from the employment total in February 2023.
  • Unemployed – The number of unemployed Californians was 1,027,000 in February, an increase of 13,100 over the month and up 165,400 in comparison to February 2023.
ca-laborforce-202402.png
California Labor Force Month-over Change (January 2024-February 2024) Year-over Change (February 2023-February 2024)
*Civilian Labor Force (19,348,900) -6,900 +82,800
Total Civilian Employment (18,321,900) -20,100 -82,600
Unemployment (1,027,000) +13,100 +165,400

*Labor force by place of residence, including workers involved in trade disputes.

Unemployment Insurance Claims (not seasonally adjusted)

The following data is from a sample week that includes the 19th of each month:

In related data that figures into the state’s unemployment rate, there were 425,760 people certifying for Unemployment Insurance (UI) benefits during the February 2024 sample week. That compares to 392,541 people in January and 380,768 people in February 2023. Concurrently, 41,260 initial claims were processed in the February 2024 sample week, which was a month-over decrease of 5,936 claims from January, but a year-over increase of 677 claims from February 2023.

ca-ui_claims-202402.png

California Unemployment Insurance Claims Month-over Change (January 2024-February 2024) Year-over Change (February 2023-February 2024)
UI Recipients (425,760) +33,219 +44,992
New UI Claims (41,260) -5,936 +677

 

MONTHLY LABOR FORCE DATA FOR COUNTIES
February 2024 (Preliminary); 2023 Benchmark
NOT SEASONALLY ADJUSTED
COUNTY LABOR FORCE EMPLOYMENT UNEMPLOYMENT RATE
STATE TOTAL 19,394,300 18,316,000 1,078,300 5.6%
ALAMEDA 826,100 785,500 40,600 4.9%
ALPINE 650 610 40 6.2%
AMADOR 14,650 13,750 900 6.1%
BUTTE 93,600 87,200 6,400 6.8%
CALAVERAS 22,260 21,030 1,230 5.5%
COLUSA 11,170 8,880 2,280 20.4%
CONTRA COSTA 552,100 524,300 27,800 5.0%
DEL NORTE 9,240 8,630 610 6.6%
EL DORADO 95,600 90,800 4,800 5.0%
FRESNO 469,400 424,700 44,600 9.5%
GLENN 12,740 11,710 1,030 8.1%
HUMBOLDT 61,100 57,500 3,600 5.9%
IMPERIAL 74,400 61,600 12,800 17.2%
INYO 8,500 8,110 390 4.6%
KERN 400,800 359,800 41,000 10.2%
KINGS 60,200 53,900 6,300 10.5%
LAKE 29,700 27,620 2,090 7.0%
LASSEN 8,600 7,930 670 7.8%
LOS ANGELES 5,014,600 4,761,700 252,900 5.0%
MADERA 67,800 61,700 6,100 9.0%
MARIN 133,300 128,000 5,300 4.0%
MARIPOSA 7,520 7,010 520 6.9%
MENDOCINO 37,990 35,640 2,340 6.2%
MERCED 121,900 107,300 14,500 11.9%
MODOC 3,200 2,880 320 10.1%
MONO 9,840 9,440 400 4.1%
MONTEREY 215,900 191,300 24,600 11.4%
NAPA 72,500 69,300 3,200 4.5%
NEVADA 50,160 47,770 2,390 4.8%
ORANGE 1,597,400 1,530,100 67,200 4.2%
PLACER 197,900 188,900 9,100 4.6%
PLUMAS 7,330 6,440 890 12.2%
RIVERSIDE 1,165,200 1,100,200 65,000 5.6%
SACRAMENTO 742,100 703,000 39,100 5.3%
SAN BENITO 32,400 29,800 2,600 7.9%
SAN BERNARDINO 1,018,900 963,400 55,500 5.4%
SAN DIEGO 1,602,200 1,526,100 76,100 4.7%
SAN FRANCISCO 558,100 536,700 21,400 3.8%
SAN JOAQUIN 351,000 324,400 26,600 7.6%
SAN LUIS OBISPO 136,900 131,000 5,900 4.3%
SAN MATEO 442,200 425,900 16,300 3.7%
SANTA BARBARA 216,800 204,300 12,400 5.7%
SANTA CLARA 1,034,000 989,300 44,700 4.3%
SANTA CRUZ 133,300 122,600 10,600 8.0%
SHASTA 75,100 69,900 5,200 6.9%
SIERRA 1,320 1,230 100 7.3%
SISKIYOU 17,060 15,550 1,510 8.9%
SOLANO 205,400 193,700 11,700 5.7%
SONOMA 250,800 239,700 11,100 4.4%
STANISLAUS 248,500 229,100 19,400 7.8%
SUTTER 47,500 42,600 4,800 10.2%
TEHAMA 26,430 24,500 1,940 7.3%
TRINITY 4,600 4,250 360 7.7%
TULARE 216,800 190,100 26,800 12.3%
TUOLUMNE 20,290 19,010 1,280 6.3%
VENTURA 414,800 393,800 21,000 5.1%
YOLO 111,700 104,700 7,000 6.3%
YUBA 32,800 29,900 2,800 8.6%