March 22, 2012 |
New claims for unemployment benefits fell again last week to 348,000, a new four-year low as the economic recovery continues to accelerate. There were 5,000 fewer people filing jobless claims last week than in the previous week, the Labor Department said Thursday. The moving four-week average, a more reliable gauge than the weekly figures, also decreased by 1,250, to 355,000. The number of claims last week was the lowest since March 2008, when the effects of the just-beginning deep recession began hitting the labor market.
March 15, 2012 |
Jobless claims last week fell to their lowest point in four years, matching a level that was also reached a month ago and sparking more optimism that the employment market may be on the mend. Labor Department figures showed that applications for jobless insurance payments for the week that ended March 10 slipped by 14,000 to a seasonally adjusted 351,000. That's the fewest applications since March 2008 -- not counting the week in February that saw a similar slump in claims . New York and California saw the most significant bumps in initial claims, with 16,478 and 4,320 new applications, respectively.
November 28, 2012 |
SACRAMENTO -- About one out of three jobless people in California could lose up to $450 a week in federal unemployment benefits late next month, if Congress and the president don't reach a so-called fiscal cliff agreement. Failure to cut a deal on a complex bundle of proposed tax increases and spending cuts could leave 400,000 Californians and as many as two million people across the country without access to emergency federal assistance that's been available for the last four and one-half years.
April 19, 2008 |
California's unemployment rate hit 6.2% in March, the highest level in almost four years, spurred by a continuing downturn in construction and financial activities. The Employment Development Department reported Friday that 1.13 million people were out of work last month, marking the state's weakest economic performance since July 2004, when the jobless rate also stood at 6.2%. Unemployment is up 1.
March 29, 2013 |
California's economic growth revved up in February as employers added 41,200 jobs, one of the highest monthly gains since the Great Recession ended nearly four years ago. The payroll gains helped push the unemployment rate down to 9.6% from 9.8% in January, according to data released Friday by the state Employment Development Department. The growth in net new jobs, buoyed by increased consumer spending, was another positive sign for a state that has steadily gained jobs over the last year, hitting a monthly high of 74,000 in January 2012.
December 5, 1992 |
The California economy--once touted as so richly diversified that it was nearly recession-proof--is showing signs of unraveling, even as business conditions across the country display fresh signs of life. Government employment figures released Friday buttressed the growing pessimism among economists, some of whom now believe the state will remain mired in recession until late 1993 or early 1994. The government statistics, which show California unemployment climbing to 10.1% in November from 9.
November 16, 1996 |
Reflecting the steady momentum of an economic recovery that is outpacing all of its neighbors', Orange County's unemployment rate fell to 3.8% in October, its first journey below 4% since the summer of 1990. The drop from 4.2% in September, was accompanied by an unusually large jump in employment as school districts scrambling to meet the state's new demand for smaller primary classes added hundreds of new teachers.
July 14, 1985 |
In the first month of the application period, only one in 10 eligible Californians has applied for what could be several hundred dollars per individual in retroactive state unemployment benefits. The state owes $26 million in retroactive benefits to 115,000 people, almost all of them women, and is continuing a campaign to let these women know that they may apply for their share any time up to Aug. 31 at any Post Office.
December 21, 1996 |
California employers added a substantial 29,700 jobs in November, keeping the state's economic recovery chugging along and nudging down the state's unemployment rate to 6.9% from a revised 7% in October, officials reported Friday. Los Angeles County, one of the weak spots in the state's economic comeback, showed improvement too, with its jobless rate edging down to 7.6% last month from a revised 7.8% in October.