March 9, 2012 |
California's unemployment rate in January fell below 11% for the first time in nearly three years. The percentage of jobless workers fell to 10.9% from a revised 11.2% in December, based on a household survey. The unemployment rate was 12.1% a year ago. The U.S. jobless rate for January and February remained steady at 8.3%. The improved state rate was offset by a 5,200 decline in total jobs in January, according to a separate survey of employers. At the same time, the California Employment Development Department posted an upwardly revised new jobs total of 38,500 for December.
August 20, 2011 |
California's stubbornly high unemployment rate rose even higher in July, climbing two-tenths of a percentage point to 12%, the U.S. Department of Labor reported Friday. It was the second straight monthly increase in joblessness as measured by a federal survey of households. California's unemployment rate was the second-highest in the nation, exceeded only by Nevada at 12.9%. The state's employers added a modest 4,500 new jobs to payrolls, according to a separate monthly check of businesses.
March 28, 2012 |
California's unemployment rate will remain elevated for the next couple of years, according to a new UCLA forecast, and in some parts of the state won't return to pre-recession levels until 2016. Still, the state's labor market is on the mend and is likely to heal faster than the nation as a whole, economists at the UCLA Anderson Forecast said Wednesday. California's jobless rate, which was 10.9% last month, is expected to fall to 7.7% by the end of 2014, just slightly above the U.S. average, the forecast said.
January 21, 2012 |
California's jobless rate dropped again in December and payrolls increased for a fifth straight month, boosting hopes that the state's economic recovery is showing some staying power. The unemployment rate fell to 11.1% in December from 11.3%, the Employment Development Department reported Friday. Employers added 10,700 workers to their payrolls last month on top of a revised 24,700 in November. For the year, California added 240,300 net jobs across a wide swath of the economy, including key white-collar industries such as business and professional services and information.
May 23, 2009 |
California's unemployment picture improved slightly in April, but a bit of good news brought little cheer to the thousands of college and high school graduates flooding into the worst job market in decades. Although the often volatile unemployment rate dropped to 11% from March's 11.2%, the Golden State still lost 63,700 jobs during the month. The number of people seeking work has swelled by 842,800 from a year ago, the state Employment Development Department reported Friday.
December 9, 1995 |
California employers added a relatively skimpy 7,100 jobs over the last two months, the government reported Friday, suggesting that the state's modest economic recovery may be slowing. The surprising job figures--which defy various other indicators portraying an improving state economy--also show California's unemployment rate leaping to 8.8% in November, from 7.8% the month before. Over the last two months, the state's job growth rate was barely one-third of what it was earlier this year.