NEWS
January 20, 2012 | By Marc Lifsher, This post has been corrected, as indicated below
California's unemployment rate fell to 11.1% in December from 11.3% in November, marking five straight months of declines. Last month, the state gained about 10,700 new payroll jobs, the California Employment Development Department said Friday. At the same time, an earlier tally of 6,600 new jobs created in November was revised upward dramatically to 24,700. In all, the Golden State created 240,300 new jobs in 2011. The new numbers suggest that California's economy is gaining traction as it steadily replaces more of the 1.3 million jobs lost in the 2007-2009 recession.
BUSINESS
March 23, 2012 | By Alejandro Lazo
California's unemployment rate remained unchanged at 10.9% in February even as the state added thousands of new jobs. The percentage of jobless workers held the same as January, though it was down from 12.0% in February last year. The rate remained the same even as the state added 4,000 total jobs in February, according to the California Employment Development Department. The state has gained a total of 333,100 jobs since the recovery began in September 2009. The U.S. unemployment rate was unchanged in February at 8.3%.
BUSINESS
April 20, 2012 | By Ricardo Lopez
California's labor market continued its slow improvement in March as employers added jobs for the eighth straight month. Payrolls grew by 18,200 jobs last month, according to figures released Friday by the California Employment Development Department. That's on top of a revised 38,600 jobs in February. The unemployment rate increased to 11% in March, up slightly from February's 10.9% rate. Still, improving job prospects have encouraged more California workers to reenter the labor force, driving the jobless rate higher, said Dennis Meyers, principal economist for the state's Department of Finance.
BUSINESS
September 23, 2009 | Don Lee and Alana Semuels
The House voted overwhelmingly Tuesday night to approve a $1.4-billion stopgap extension of jobless benefits, but some states are beginning to seek longer-term solutions to an unemployment problem that is expected to worsen heading into next year. The extension, covering an additional 13 weeks, would maintain payments for more than 1 million workers in 29 hard-hit states whose benefits are set to expire before the end of 2009. Unemployment payments for more than 300,000 U.S. workers will end this month alone.
BUSINESS
March 24, 2012 | By Alejandro Lazo, Los Angeles Times
California is adding more high-paying jobs in affluent coastal areas, but the government and construction sectors remain big drags on the economy as communities inland continue to struggle. Employers added 4,000 payroll jobs in February, signaling slow but steady improvement in the labor market, according to figures released Friday by the California Employment Development Department. Despite the gains, however, the state's unemployment rate remained unchanged at 10.9% as more workers dusted off their resumes to look for employment.
BUSINESS
April 21, 2012 | By Ricardo Lopez, Los Angeles Times
California's labor market continued its slow improvement in March as employers added jobs for the eighth straight month. Payrolls grew by 18,200 jobs last month, according to figures released Friday by the California Employment Development Department. That's on top of a revised gain of 38,600 jobs in February. The unemployment rate increased to 11% in March, up slightly from February's 10.9% rate. Improved employment prospects have encouraged more idled California workers to start job hunting again, driving the unemployment rate higher, said Dennis Meyers, principal economist for the state's Department of Finance.