California Business Minute™

The California Workforce Association, CWA is a non profit
organization that formulates public policy strategies and
builds local capacity to address critical workforce issues.
CWA works to promote, enhance and serve the interest of
local workforce development.

For further information, contact us  www.calworkforce.org
or at 916 325-1610

Hi, I am Tim Johnson and welcome to the California Business Minute.

Unemployment dropped to 11.7 percent in October according to the numbers
released by the State’s Employment Development Department.

The number dropped two tenths of one percent from September and eight-tenths
from the October 2010 rate of 12.5 percent.

Seven categories (construction; information; financial activities; professional
and business services; educational and health services; leisure and hospitality;
and other services) added jobs over the month, gaining 35,500 jobs. Professional
and business services posted the largest increase over the month, adding 17,300
jobs.

Four categories (mining and logging; manufacturing; trade, transportation and
utilities; and government) reported job declines over the month, down 9,800 jobs.
Manufacturing and government posted the largest decreases over the month, each
down 3,900 jobs.

Marin County had the lowest unemployment rate at 7.2 percent while Imperial had
the highest at 28.9 percent, both down over the month.  California counties below
the national unemployment rate of 9.0 included Marin, San Mateo 7.9; San Francisco
8.1; Napa 8.3; Orange 8.5; Santa Barbara 8.6.  Additionally, San Luis Obispo and
Inyo counties are very close at 9.2 and 9.3 percents.

I am Tim Johnson and this has been the California Business Minute.