January 26, 2011 |
Another sign that California's economic recovery is going slowly: The Golden State now boasts the second-highest unemployment rate in the nation. After months of ranking No. 3, California has swapped places with Michigan. California's 12.5% unemployment rate in December ranks only behind Nevada's 14.5% jobless rate, according to the latest rankings from the Bureau of Labor Statistics released Tuesday. Meanwhile, Michigan ended 2010 with a jobless rate of 11.7%. That's down from 14.5% in December 2009, when the industrial state was saddled with the worst unemployment in the country.
April 19, 2013 |
California's labor market picked up steam last month, according to figures released Friday, as the state's unemployment rate fell to 9.4% and employers added a net 25,500 jobs in March. The March rate was the lowest in California since Dec. 2008, when 9.2% of the state's labor force was out of work. Gains were mostly notched in the professional and business services sector and leisure and hospitality sector, according to data by the U.S. Bureau of Labor Statistics. February's unemployment rate was 9.6%.
August 2, 2013 |
WASHINGTON - The nation's unemployment rate for July fell to the lowest level since the depths of the Great Recession, but that good news was tempered by a slowdown in job growth, a slight decline in the labor force and a continuing pattern of new hires in lower-paying industries. Overall, the U.S. economy added a moderate 162,000 net new jobs in July. That was slightly below analysts' expectations and the smallest payroll increase in four months, even after the government Friday lowered the job gains for June to 188,000 and for May to 176,000.
May 8, 1989 |
Working women take about one more sick day per year than men, the National Center for Health Statistics reported in a new study today. Women averaged 5.5 lost work days per year, compared to 4.3 missed days for men, in the analysis covering 1983 through 1985. John Gary Collins, one of the authors, declined to speculate on reasons for the difference, saying "there could be many possibilities." He said that comparative figures for men and women, which the National Center for Health Statistics had not collected before, were included in its new study because women now make up such a large portion of the work force.
May 17, 2013 |
California's pace of job creation slowed in April, as employers added 10,300 jobs in April, nevertheless pushing the state's unemployment rate down to 9% from 9.4% the month before. Employers had added twice as many jobs in March as they did in April. They slowed job creation in nearly every sector, including government, financial activities and trade, according to data released Friday morning by the Bureau of Labor Statistics . It's possible that continued uncertainty in Washington, coupled with the effects of the sequester and an expiration of payroll tax cuts is keeping employers' expectations tempered, said Sung Won Sohn, an economist at Cal State Channel Islands.
September 7, 2012 |
U.S. employers added 96,000 jobs in August, the Labor Department said Friday, much fewer than expected. The unemployment rate was revised down, to 8.1% from 8.3% in July, but that's because people dropped out of the labor force. Join us for a live discussion about the state of unemployment and the economy later Friday. The Times will host a Google+ Hangout at 10:30 a.m. PDT with economy reporter Don Lee, markets reporter Andrew Tangel and Business deputy editor Joe Bel Bruno.
January 11, 2009 |
The unemployment rate for December, 7.2%, is the number every TV newscaster, economic blogger and talk radio host focused on Friday. That rate, the highest in 16 years, translates into 11.1 million Americans without jobs. But 7.2%% doesn't capture how many people are out of work. By another measure -- from the same employment report -- as much as 13.5% of the labor force is either unemployed or underemployed. The 7.2 figure everyone knows measures something very specific: the portion of people in the work force who wanted to work, looked for a job last month, but weren't working during the first week in December.
September 20, 2013 |
In what can best be described as tepid, California's jobs report Friday showed the state added 29,100 net payroll jobs even as the unemployment rate ticked up to 8.9% from 8.7% the month before. Figures from the state's Employment Development Department show that California's year-over-year payroll job growth slowed to 1.5%. Earlier this year, that rate was hovering around 2%. Economists say California has lost steam partly because of the ongoing recession in Europe, the economic slowdown in China and sluggishness in the retail sector.