When 3.8 percent unemployment falls short

COMMENTARY /// Labor market report


The California Labor Market Information Division recently released its May 2017 report, showing an improvement in Ventura County’s unemployment rate from 4 percent in April to 3.8 percent in May. Just to be clear, 3.8 percent is a stunningly strong number.
Looking back to 2000, we bettered this only twice, at 3.7 percent in May 2006 and in May 2001.
Historically, May has been our strongest month each calendar year, registering 3.9 percent in 2000, 3.7 percent in 2001, then after a rise post 9/11...

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