CALIFORNIA BUSINESS MINUTE
Employment
01-25-10
Hi, I am Tim Johnson and welcome to the California Business Minute.
California’s unemployment rate increased for December, but apparently was adjusted
for November, so it remained at 12.4 percent but up from the original 12.3 pronouncement
according to the latest figures released by the Employment Development Department.
The number of people illustrated unemployed in the state is estimated to be 2,254,000
the preliminary number used in November, so there is no validation until the December
revise other than the fact there are plenty of Californians unemployed. To put it
in perspective, there are more Californians unemployed then there are populations in
15 different states and the individual labor forces of an estimated 25 states.
For California, three categories added jobs over the month including Information,
Financial Activities, Education and Health Services. Meanwhile eight categories
reported declines including mining and logging; construction; manufacturing; trade;
transportation and utilities; professional and business services, leisure and
hospitality;
and government.
Meanwhile, for December, 50 counties out of the 58 had double digit unemployment,
down from 51 in November. In addition eight counties comprised of Inyo, Marin,
Napa, Orange, San Francisco, San Luis Obispo, San Mateo and Santa Barbara had lower
unemployment rates than the national average of 10.0 percent, similar to last month’s
count.
Marin County has the lowest unemployment rate, 7.8 percent 0.2 percent lower from
its November’s 8 percent rate, while Imperial County continues to have the highest
unemployment rate at 27.7 from last month’s 29.2 percent, but it is joined by two
other counties that have in excess of 20 percent unemployment; Colusa which is
second highest with 25.9 percent up from 22.6 percent in November and Sutter at
20 percent. There are nineteen counties that have 15 percent or higher unemployment
rates, Colusa, Calaveras, Fresno, Glenn, Kings, Lake, Madera, Merced, Monterey,
San Benito, San Joaquin, Shasta, Sierra, Siskiyou, Stanislaus, Sutter, Trinity,
Tulare, and Yuba.
I am Tim Johnson and this has been the California Business Minute.
For further information see http://www.edd.ca.gov/About_EDD/pdf/urate201001.pdf
www.bls.gov and www.beaconecon.com (go to products for drilldown).
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