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Wells Fargo
Job growth in California soars
Job growth in California soars

California added 150,000 more jobs last year than previously believed, signaling that economic growth in the state far outpaced the rest of the nation. The new numbers, released Friday by the state, show California added a total of 471,200 jobs in 2014 — more than 47% higher than the previous estimate of 320,300 new jobs. The revisions boosted California's rate of job growth to 3.1% last year, much faster than the rate of 2.3% for the nation. "It's incredible — it's so many more jobs," said Mark Vitner, a managing director and senior economist at Wells Fargo who tracks regional economic trends. "We knew there would be an upward revision, but this...

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