The Bureau of Economic Analysis released numbers to indicate that the US economy has shown signs of growth. In the second quarter of 2008 the GDP increased at an annual rate of 1.9%. The increase reflects gains in international trade, personal consumption expenditures, and government spending.

The Index of Leading Economic Indicators, which measures future economic activity, fell slightly for the third consecutive time from 102 to 101.9. The unemployment rate increased for the fourth consecutive quarter to 5.3%.

In California, the unemployment rate increased for the fifth consecutive quarter, going from 5.9 to 6.6%. Industries including agriculture, construction, manufacturing, and business services cut jobs. More specifically, the farm market cut 7,600 jobs, and non-farm industries cut 122,900 jobs. On the upside, areas such as education services, healthcare and social assistance, and government added jobs.

Click here for more information on government jobs in your area.

Add To Favorites

Email To Friend

Back To Archives

Testimonial of the Week

I found a new job! Thanks for your help.

Thomas B ,

+ Read More Testimonial

Only EmploymentCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.