CALIFORNIA BUSINESS MINUTE
Employment
03-05-10
Hi, I am Tim Johnson and welcome to the California Business Minute.
While it is March, the state Employment and Development Department released
California’s employment data for January. The state’s unemployment rate
increased for January to 12.5 percent.
But the press release looks for a silver lining, illustrating an increase in
the payrolls by 32,500. However, reading further, the number of people
illustrated unemployed in the state is estimated to be 2,266,000 up by 32,000
over the month and up by 488,000 from last year.
For the state eight categories showed increases, adding jobs over the month
including education and health services; mining and logging; construction;
manufacturing; trade; transportation and utilities; leisure hospitality and
government. Three categories showed declines for the month; information, f
inancial activities and professional and business services
Again, 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.
Numbers for county unemployment will be released next week.
I am Tim Johnson and this has been the California Business Minute.
For further information see http://www.edd.ca.gov/About_EDD/pdf/urate201003.pdf
www.bls.gov and www.beaconecon.com (go to products for drilldown).
Update Posted 03-11-10
From the latest drill down on unemployment by county, there are 56 counties
that have equal to or greater unemployment levels than the national average
of 9.7 percent. There are only two counties, Mono at 8.1 percent and Marin
at 8.9 at percent, that are lower.
Eight counties have unemployment in excess of 20 percent; Colusa, Imperial,
Merced, Plumas, San Benito, Sutter, Trinity and Yuba. Colusa County has
the highest unemployment with 27.4 percent unemployment and Imperial County
is right behind at 27.3 percent.
Forty- one (41), counties have higher unemployment than the statewide average.
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