Suddenly California Has The Hottest Job Market In The Country

one...two...tree · August 29, 2012

Aug. 28 (Bloomberg) -- California, which sent a delegation to Austin last year to find out how the Lone Star State had beat it in employment growth, surged ahead of Texas to lead the nation in job creation for the last two consecutive months.
California added 365,100 nonfarm jobs in the year ending in July, a 2.6 percent increase and the state’s largest 12-month gain since 2000. Texas picked up 222,500, or 2.1 percent, according to U.S. Labor Department statistics. California also outpaced Texas the prior month.

Texas led California in job creation in 18 of the last 24 months, since August 2010, the first month both states posted employment gains following the longest recession since the 1930s. The latest numbers show that California has defied comparisons with financially troubled Greece, including a joking reference by Republican presidential candidate Mitt Romney earlier this month.

“What these new figures do is drive a stake through these weak Republican talking points,” said Gil Duran, a spokesman for California’s Democratic governor, Jerry Brown. “California jobs are coming back at a higher rate here. We hope that happens everywhere.”

Read more: http://www.businessinsider.com/suddenly-california-has-the-hottest-job-market-in-the-country-2012-8#ixzz24xrLhITN