March 29, 2013 |
California's labor market picked up last month, according to figures released Friday, as the state's unemployment rate fell to 9.6% and employers added 41,200 jobs. Gains were mostly notched in the leisure and hospitality and government sectors, according to the data by the U.S. Bureau of Labor Statistics. January's unemployment rate was 9.8%. California is now tied with Nevada and Mississippi for the highest unemployment rate in the nation. The survey of the Golden State's employers showed that the leisure and hospitality sector added 15,700 jobs, followed by the government sector, which expanded by 11,200 jobs.
January 22, 2013 |
The number of unemployed workers worldwide has boomed by 28 million people in the five years since the global financial crisis began, leaving 197 million people without jobs last year, according to a new report. The numbers show a “crisis in labour markets of both advanced economies and developing economies,” according to new data from the International Labour Organization. In 2012 alone, 4 million people joined the unemployment ranks. The figure will swell by another 5.1 million workers this year to 202 million unemployed job seekers, soaring past the all-time record of 199 million jobless people in 2009.
January 18, 2013 |
California's labor market slowed last month as employers shed 17,500 jobs in December and the unemployment rate remained unchanged. The state's jobless rate, which fell below 10% in November for the first time in nearly four years, stands at 9.8%, according to data released Friday by the U.S. Bureau of Labor Statistics. In addition, job figures for November were revised upward to show a net gain of 6,100 jobs that month. Quiz: How much do you know about California's economy?