More bad news on the state economy: http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2011/07/texas-takes-midyear-employment-crown.html">The Business Journals’ On Numbers is reporting that California ranks dead last in the number of jobs created over the last five years.
The state had 14,068,600 non-farm jobs reported as of June 2011, down 1,009,400 from June 2006. There were fewer net jobs in three of the last five years. However, at a loss of 6.7% of total employment, California still tails Florida, Arizona, Michigan, and Nevada in terms of percentage of the workforce eliminated. Nevada lost only 169,000 jobs during the same period, but those represented 13.2% of total employment there.
Texas was one of the big jobs winners, according to the report. 537,000 new employees have joined the workforce there over the last five years, with overall growth in the employment market four of those years. Eight other states and the District of Columbia also showed net jobs growth over the study period, with 41 others experiencing a loss.