CALIFORNIA BUSINESS MINUTE
Employment
05-26-09
Hi, I am Tim Johnson and welcome to the California Business Minute.
California’s unemployment rate decreased from 11.2 percent to 11 percent for April
according to the latest figures released by the Employment Development Department.
The number of Californians unemployed in April was estimated to be 2,057,000, down
from the 2,080,000 reported in the March estimate. However, the numbers illustrate
that there are 35,000 less Californians unemployed in April which should make the
total number of Californians unemployed at 2,045,000, which means there was a revise
made during the month.
Out of the employment sectors, three segments- natural resources,& mining, other
services and government added jobs added jobs. Of interest, note that educational
and health care services did not add jobs. The first time in years this occurred.
People have lost their health benefits due to job losses and it has had an impact
on elective medical procedures causing a downturn in the hiring demand.
In addition, 46 counties out of the 58 had double digit unemployment. Many counties
with agricultural based economies have witnessed lower unemployment due to the
seasonality of the job market. On the flip side, 8 counties, Marin, Mono, Napa,
Orange, San Francisco, San Luis Obispo, San Mateo, and Santa Barbara had lower
unemployment rates than the national average of 8.9 percent
Marin County has the lowest unemployment rate, remaining steady at 7.4 percent and
Imperial County replaced Colusa having the highest rate at 26.9 percent.
I am Tim Johnson and this has been the California Business Minute.
For further information see http://www.edd.ca.gov/About_EDD/pdf/urate200905.pdf
and www.beaconecon.com go to products for drilldown.
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