OC jobs YOY grow by 2900 .2% in July

graphrix_IHB

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<p>The latest job growth <a href="http://www.calmis.ca.gov/file/lfmonth/oran$PDS.pdf">report</a> is out today. OC lost 5200 jobs for the month and gained 2900 for the year. Financial services saw the 5th consecutive month of declines and is down 7500 from the peak. Retail was down again. Professional and business services was up by 700 jobs .3% YOY. Insert twirling finger here. Don't worry Esmael Adibi will just say that sector will be revised higher when they do the annual revision. The unemployment rate is up to 4.1% which is an increase of 5.8% for the month and 9% for the year. </p>

<p>I will be adding more to this later. One thing is obvious that the job losses in non-depository credit sector are not showing up in full force yet. However in the credit sector as a whole is down to 2003 levels.</p>
 
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