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.

California’s unemployment rate held steady for September, depending upon the
way you read the number at 12.2 percent according to the latest figures
released by the Employment Development Department. The number of people
unemployed in the state is estimated to be 2,248,000 for the month.

For California, many people  just ran out of unemployment or simply stopped looking
for work, hence the reason why the unemployment numbers didn't rise.  They are not
counted among the unemployed.

Meanwhile, this month, 48 counties out of the 58 had double digit unemployment,
down from last month’s 49.  However, this month 9 counties, Inyo, Marin, Mariposa,
Napa, Orange, San Francisco, San Mateo, San Luis Obispo and Santa Barbara had
lower unemployment rates than the national average of 9.8 percent

Marin County has the lowest unemployment rate, 8.0 percent for September, falling
0.3 percent from August.  Imperial County continues to have the highest
unemployment rate at 30.1 percent.

Overall the news was not very comforting to Californians.

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

For further information see http://www.edd.ca.gov/About_EDD/pdf/urate200909.pdf www.bls.gov
and www.beaconecon.com  (go to products for drilldown).