CALIFORNIA BUSINESS MINUTE Employment 02-29-08
Hi, I am Tim Johnson and welcome to the California Business Minute.
The state Employment Development Department released employment figures for January. Unemployment remained steady from the previous month percentage of 5.9 percent. Californias estimated unemployment rate was 5.0 percent from January 2007.
Californias unemployment rate began to rise in October; it remained unchanged in November and rose again in December but has leveled off.
Of interest:
Only five counties had unemployment rates lower than the U.S. average of 4.9 percent in January; Marin, Mono, Orange, San Francisco, and San Mateo, down from 8 counties in December.
However on the opposite side of the unemployment picture 21 counties have double digit unemployment, up from 13 counties for December. Those that have double digit unemployment; Colusa, Fresno, Glenn, Imperial, Kings, Lake, Lassen, Merced, Modoc, Monterrey, Plumas, San Benito, San Joaquin, Shasta, Sierra, Siskiyou, Stanislaus, Sutter, Trinity, Tulare and Yuba counties.
Marin County had the lowest unemployment rate at 4.0 closely followed by San Mateo at 4.1 percent. Colusa County had the highest at 19.6 percent.
I am Tim Johnson and this has been the California Business Minute.
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