CALIFORNIA BUSINESS MINUTE
Employment
09-18-09
Hi, I am Tim Johnson and welcome to the California Business Minute.
California’s unemployment rate increased to 12.2 for August, up from 11.9 percent
for July 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,
up by 49,000 for the month.
While California has a high unemployment rate, it’s ranking is now ranks 4th in
the nation for unemployment tied with Oregon behind #1 Michigan (15.2%);
#2 Nevada (13.2%); #3 Rhode Island (12.3%);#Tied 4 Oregon (12.2%);
#6 South Carolina (11.5%); #7 Washington DC and Kentucky (11.1%);
Tennessee and North Carolina tied with (10.8%).
Fifteen states have double digit unemployment down from last month’s sixteen,
Indiana dropped to 9.9 percent. However, there are 7 states that have hire
unemployment rates than the national average.
For California, three sectors added jobs over the month, information, education
and health services and government. Go figure government adding jobs?
Meanwhile, this month, 50 counties out of the 58 had double digit unemployment
up from last month’s 49. However, this month 7 counties, Inyo, Marin, Mariposa,
Napa, Orange San Mateo, San Luis Obispo and Santa Barbara had lower unemployment
rates than the national average of 9.7 percent
Marin County has the lowest unemployment rate, 8.3 percent for August. Imperial
County continues to have the highest unemployment rate bu decreasing from 30.2
percent to 28.7 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).
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