UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

This just in from KNX News Radio:



<strong><em>"The Los Angeles Unified School District Board of Education has just authorized sending layoff warnings to as many as 8,846 teachers, counselors, administrators and other employees in hopes of combating a $718 million budget deficit"</em></strong>
 
<strong>KNX Exclusive: LA's Unemployment Rate is 20 percent</strong>



<a href="http://www.knx1070.com/KNX-Exclusive--LA-s-Unemployment-Rate-is-20-percen/4002053">KNX Exclusive: LA's Unemployment Rate is 20 percent</a>



<em>LOS ANGELES (KNX 1070 NEWSRADIO) -- There is no other way to put this, the figure is astonishing. At KNX's request, the LA County Economic Development corporation crunched the numbers. That includes those unemployed, those who have given up seeking work and those stuck in part time jobs when they want full time ones--and the figure actually tops 20 percent of the available workforce for the city.



That means 1 in 5 of the available workforce in the city of Los Angeles is unemployed or under-employed. KNX's Charles Feldman has learned that the unemployment figure for the city of Los Angeles is growing.</em>
 
<strong>UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA</strong>



In the week ending March 7, the advance figure for seasonally adjusted initial claims was 654,000, an increase of 9,000 from the previous week's revised figure of 645,000. The 4-week moving average was 650,000, an increase of 6,750 from the previous week's revised average of 643,250.



The advance seasonally adjusted insured unemployment rate was 4.0 percent for the week ending Feb. 28, an increase of 0.2 percentage point from the prior week's unrevised rate of 3.8 percent.



The advance number for seasonally adjusted insured unemployment during the week ending Feb. 28 was 5,317,000, an increase of 193,000 from the preceding week's revised level of 5,124,000. The 4-week moving average was 5,139,750, an increase of 124,250 from the preceding week's revised average of 5,015,500.



The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.533 million.



<strong>UNADJUSTED DATA</strong>



The advance number of actual initial claims under state programs, unadjusted, totaled 648,363 in the week ending March 7, an increase of 2,536 from the previous week. There were 341,685 initial claims in the comparable week in 2008.



The advance unadjusted insured unemployment rate was 4.8 percent during the week ending Feb. 28, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,396,429, an increase of 165,349 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,340,432.





Extended benefits were available in Alaska, Connecticut, Idaho, Michigan, North Carolina, Oregon, Pennsylvania, Puerto Rico, Rhode Island, and Washington during the week ending Feb. 21.



Initial claims for UI benefits by former Federal civilian employees totaled 1,179 in the week ending Feb. 28, an increase of 38 from the prior week. There were 1,949 initial claims by newly discharged veterans, an increase of 211 from the preceding week.



There were 19,152 former Federal civilian employees claiming UI benefits for the week ending Feb. 21, a decrease of 850 from the previous week. Newly discharged veterans claiming benefits totaled 28,722, an increase of 813 from the prior week.



States reported 1,414,439 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Feb. 21, a decrease of 18,480 from the prior week.



The highest insured unemployment rates in the week ending Feb. 21 were in Michigan (7.7 percent), Oregon (7.4), Idaho (7.2), Wisconsin (6.7), Rhode Island (6.5), Pennsylvania (6.3), Nevada (6.2), Montana (5.9), Alaska (5.7), Indiana (5.7), Massachusetts (5.7), New Jersey (5.7), and Vermont (5.7).



The largest increases in initial claims for the week ending Feb. 28 were in New York (+16,481), California (+7,765), Oregon (+4,001), Georgia (+3,313), and Wisconsin (+3,006), while the largest decreases were in Missouri (-3,350), Massachusetts (-3,263), New Jersey (-1,973), Florida (-1,559), and New Mexico (-1,005).
 
SANTA ANA-ANAHEIM-IRVINE METROPOLITAN DIVISION

(ORANGE COUNTY)

Orange County declines by 1,800 jobs over the month; 72,300 over the year

The unemployment rate in the Orange County was 7.8 percent in February 2009, up from a

revised 7.6 percent in January 2009, and above the year-ago estimate of 4.3 percent. This

compares with an unadjusted unemployment rate of 10.9 percent for California and 8.9 percent

for the nation during the same period.



Between January 2009 and February 2009, total nonfarm wage and salary employment

declined from 1,428,200 to 1,426,400, a loss of 1,800 jobs.



? Construction recorded the largest month-over decrease with the loss of 3,800 jobs. The

entire decline was reported in the specialty trade contractors sector.

? Trade, transportation, and utilities fell by 3,200 jobs. Over 80 percent of the loss was in

retail trade (down 2,700 jobs), due in part to continued employment cutbacks following

the holiday shopping season.

? Government posted the largest gain with the addition of 4,000 jobs, primarily due to

increases in local and state government education.

? Educational and health services noted an overall gain of 1,700 jobs, led by advances in

educational services.



Between February 2008 and February 2009, total nonfarm wage and salary employment

declined by 72,300, or 4.8 percent.



? Trade, transportation, and utilities posted the largest year-over decrease with the loss of

19,000 jobs. Sixty percent of the decline was reported in retail trade.

? Construction reported a payroll decline of 16,700 with almost 80 percent of the loss in

the specialty trade contractors sector.

? Educational and health services recorded the largest increase over the year with the

addition of 1,200 jobs. A job loss of 2,200 in educational services was offset by an

overall gain of 3,400 jobs in health care and social assistance.
 
<strong>UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA</strong>



In the week ending March 14, the advance figure for seasonally adjusted initial claims was 646,000, a decrease of 12,000 from the previous week's revised figure of 658,000. The 4-week moving average was 654,750, an increase of 3,750 from the previous week's revised average of 651,000.



The advance seasonally adjusted insured unemployment rate was 4.1 percent for the week ending March 7, an increase of 0.2 percentage point from the prior week's revised rate of 3.9 percent.



The advance number for seasonally adjusted insured unemployment during the week ending March 7 was 5,473,000, an increase of 185,000 from the preceding week's revised level of 5,288,000. The 4-week moving average was 5,251,250, an increase of 118,750 from the preceding week's revised average of 5,132,500.



The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.577 million.



<strong>UNADJUSTED DATA</strong>



The advance number of actual initial claims under state programs, unadjusted, totaled 594,121 in the week ending March 14, a decrease of 58,515 from the previous week. There were 335,917 initial claims in the comparable week in 2008.



The advance unadjusted insured unemployment rate was 4.7 percent during the week ending March 7, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,332,272, a decrease of 29,082 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,297,238.



Extended benefits were available in Alaska, Connecticut, Idaho, Michigan, Nevada, North Carolina, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Washington, and Wisconsin during the week ending Feb. 28.



Initial claims for UI benefits by former Federal civilian employees totaled 1,197 in the week ending March 7, an increase of 18 from the prior week. There were 2,076 initial claims by newly discharged veterans, an increase of 127 from the preceding week.



There were 19,905 former Federal civilian employees claiming UI benefits for the week ending Feb. 28, an increase of 753 from the previous week. Newly discharged veterans claiming benefits totaled 28,836, an increase of 114 from the prior week.



States reported 1,488,914 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Feb. 28, an increase of 74,475 from the prior week.



The highest insured unemployment rates in the week ending Feb. 28 were in Michigan (8.0 percent), Oregon (7.7), Idaho (7.3), Wisconsin (6.9), Pennsylvania (6.8), Puerto Rico (6.6), Rhode Island (6.4), Nevada (6.2), Montana (6.1), and Alaska (6.0).



The largest increases in initial claims for the week ending March 7 were in Indiana (+5,603), Pennsylvania (+4,702), Texas (+4,007), Florida (+3,894), and Michigan (+2,276), while the largest decreases were in New York (-11,218), Connecticut (-2,254), Tennessee (-2,153), California (-1,277), and Oregon (-1,139).
 
CA Unemployment Rate Soars



<a href="http://www.knx1070.com/CA-Unemployment-Rate-Soars/4223368">CA Unemployment Rate Soars SACRAMENTO (AP) </a>



<em><blockquote>More than 2 million Californians are now out of work, 913,000 more than were jobless one year ago, according to the state figures.</blockquote></em>
 
SANTA ANA-ANAHEIM-IRVINE METROPOLITAN DIVISION

(ORANGE COUNTY)

Orange County gains 1,600 jobs over the month, loses 71,900 over the year

The unemployment rate in the Orange County was 8.5 percent in March 2009, up from a

revised 8.0 percent in February 2009, and above the year-ago estimate of 4.5 percent. This

compares with an unadjusted unemployment rate of 11.5 percent for California and 9.0 percent

for the nation during the same period.



Between February 2009 and March 2009, total nonfarm wage and salary employment rose

from 1,425,100 to 1,426,700, an increase of 1,600 jobs.

? Construction recorded the largest month-over increase with a gain of 900 jobs. Minor job

losses in construction of buildings were offset by a gain of 1,000 jobs in specialty trade

contractors, while heavy and civil engineering construction showed no change.

? Government added 600 jobs with gains scattered throughout the sectors.

? Professional and business services picked up 400 jobs over the month. Scattered losses

were offset by increases in several sectors, led by a gain of 600 jobs in administrative

and support services, which includes temporary help firms.

? Manufacturing reported the largest decline with the loss of 300 jobs. Scattered gains

among durable goods and nondurable goods sectors were offset by employment losses

in several durable goods sectors.



Between March 2008 and March 2009, total nonfarm wage and salary employment declined

by 71,900, or 4.8 percent.

? Trade, transportation, and utilities posted the largest year-over decrease with the overall

loss of 18,500 jobs. Sixty-one percent of the decline was reported in retail trade. Losses

were also reported in wholesale trade (down 6,900) and transportation, warehousing,

and utilities (down 300).

? Construction reported a payroll decline of 15,300 with over 75 percent of the loss in the

large specialty trade contractors sector.

? Educational and health services recorded the largest increase over the year with the

addition of 1,700 jobs. An overall job loss of 2,000 in educational services was primarily

offset by a gain of 3,700 jobs in health care and social assistance.



And, I did a preliminary mathematical estimate of what the local U-6 would be, and it would bump the unemployment rate up to 9.3%. We are at the same employment level as we were in 2003. In other words, in 6 years we have had no job growth. Who was right about the jobs bulls? Yup, this nutter.
 
The unemployment rate in the Orange County was 9.5 percent in July 2009, up from a revised

9.3 percent in June 2009, and above the year-ago estimate of 5.6 percent. This compares with

an unadjusted unemployment rate of 12.1 percent for California and 9.7 percent for the nation

during the same period.



Between June 2009 and July 2009, total nonfarm wage and salary employment declined from

1,424,400 to 1,416,500, a loss of 7,900 jobs.



? Government posted the largest month-over decrease with an overall loss of 6,400 jobs.

Federal employment added 300 jobs, while state government lost 1,800 jobs, largely due

to summer cutbacks in state government education. Local government declined by

4,900 jobs overall, with gains in county and city government being offset by a loss of

7,200 jobs in local government education due in part to employment cutbacks during the

summer recess.



? Educational and health services declined by 1,000 jobs with losses of 600 jobs in

educational services and 400 jobs in ambulatory health care services.



? Professional and business services reported an overall loss of 900 jobs. Scattered gains

and losses balanced out in professional, scientific and technical services. Management

of companies declined by 300 jobs and the administrative and support services sector,

which includes temporary help firms, lost 600 jobs.



? Leisure and hospitality expanded by 1,100 jobs overall as the employers continued

ramping up employment for the summer tourist season. Construction added 600 jobs

overall during the month, led by advances in specialty trade contractors.



Between July 2008 and July 2009, total nonfarm wage and salary employment declined by

68,000, or 4.6 percent.



? Trade, transportation, and utilities reported the largest year-over decrease with an

overall loss of 18,700 jobs. Over 51 percent of the decline was reported in retail trade

(down 9,600 jobs), 44 percent was in wholesale trade (down 8,200 jobs) and 5 percent

occurred in transportation, warehousing, and utilities (down 900 jobs).



? Construction payrolls declined by 13,100 jobs over the year. While cutbacks occurred in

every sector, 80 percent of the job losses were in the specialty trade contractors sector.



? <strong>Professional and business services posted a loss of 11,800 jobs</strong> with 57 percent of the

decline in administrative and support services, which includes temporary help firms.



We are now at a job level between 2002 and 2003. In other words, the job level we are at for July is less than 2003, but higher than 2002. Adjusting for population growth, then we are job levels that make the 90s look like good times. Even the health/education sector is <em>this</em> close to turning negative YOY. There isn't a single month in the 90s or the 00s recession that has ever happened.



Professional and business services (when 70% of the economy is based on consumer spending and the services that come with it, it shouldn't be a surprise when this number drops, even though CSUF predicted growth in this sector) is down to 2004 levels. Really it has been stagnant since 2000 now, but again adjusting for population growth it is even worse, and it probably makes the 90s look like good times.



This sucks, and this is the one thing I really wish I could have been wrong about. Because these numbers are now way worse than I had ever expected, and unfortunately it does not look like it is improving anytime soon. Remember... flat job growth is really negative job growth.
 
I?ve been thinking about what would really bring about capitulation in the housing market? My best guess is that when all the current housing optimists see that despite the recent best effort, positive signs; prices will continue to decrease and foreclosures will continue to increase and unemployment continues to rise. It not until every last hope or false hope of turning this thing around will consumer sentiment start to look elsewhere for investment; it?s not about having good or bad news about housing, it having NO news on housing (because people will just lose interest, or don?t want to hear it anymore) when things will start turning around?



agree/disagree? will that ever happened?



a rough example would be the dot.com bust... how much does the NASDAQ make the new...
 
<strong>Orange County loses 6,300 jobs over the month, 63,600 jobs over the year</strong>

<em>

The unemployment rate in the Orange County was 9.6 percent in August 2009, unchanged from

a revised 9.6 percent in July 2009, and above the year-ago estimate of 5.8 percent. This

compares with an unadjusted unemployment rate of 12.1 percent for California and 9.6 percent

for the nation during the same period.



Between July 2009 and August 2009, total nonfarm wage and salary employment declined

from 1,416,200 to 1,410,000, a loss of 6,200 jobs.



? Government posted the largest month-over decrease with an overall loss of 2,800 jobs.

Federal employment lost 100 jobs, state government reported no change over the month

and local government declined by nearly 2,700 jobs largely due to local government

education layoffs during the summer recess.



? Leisure and hospitality declined by 1,200 jobs. Minor gains in the accommodation and

residual arts, entertainment and recreation sectors were offset by losses in all other

segments.



? Manufacturing contracted by 600 jobs with nearly 33 percent of the losses in durable

goods and approximately 66 percent in nondurable goods.



? Construction recorded the largest month-over gain with the addition of 500 jobs. Nearly

80 percent of the gains were in the specialty trade contractors sector.



Between August 2008 and August 2009, total nonfarm wage and salary employment declined

by 63,600, or 4.3 percent.



? Construction posted the largest year-over decline with the loss of 12,000 jobs. Job

losses occurred in all sectors, with 81 percent of the decline in specialty trade

contractors.



? <strong>Professional and business services contracted by 10,400 jobs</strong> with 59 percent of the job

losses concentrated in administrative and support services, which includes temporary

help firms. Manufacturing reported a loss of 10,100 jobs.



? Educational and health services was the only industry sector to report year-over growth

with the addition of 1,800 jobs. <strong>Educational services declined by 100 jobs</strong>, while health

care and social assistance noted an expansion of 1,900 jobs, led by advances in

hospital employment.</em>



Two notes and then I am off to watch a movie:



1. In the last 20 years we have seen educational jobs decline YOY during the tech bust. They NEVER declined during the 90s recession.



2. We are now below 2002 job levels. In September 2002 there were more people working than there are now. Think about that for a minute. <strong>Seven, yes 7, years of job growth completely wiped out</strong>. 2002 was the bottom of the 90s recession for us, and jobs in 01 and 02 were greater than, or about the same as they are now. I may have to start looking into the 90s to compare to from now on. We are <em>this</em> close to wiping out an entire <strong>DECADE</strong> of jobs.



Anyone who claims a bottom in housing failed micro-economics or never took it. We are far from it, because it isn't until a few years after jobs start to recover that housing begins to recover.
 
<em>Orange County gains 5,700 jobs over the month, <strong>loses 55,800 jobs over the year</strong>



The unemployment rate in the Orange County was 9.4 percent in September 2009, down from a

revised 9.8 percent in August 2009, and above the year-ago estimate of 5.7 percent. This

compares with an unadjusted unemployment rate of 12.0 percent for California and 9.5 percent

for the nation during the same period.



Between August 2009 and September 2009, total nonfarm wage and salary employment rose

from 1,411,600 to 1,417,300, an increase of 5,700 jobs.



? Government posted the largest month-over employment increase with an overall gain of

5,100 jobs. Federal government lost 100 jobs, while state government showed no

change. Local government employment climbed by 5,200 jobs overall, primarily due to

seasonal gains in local government education following the summer recess.



? Educational and health services added 2,400 jobs with an increase of 2,100 jobs in

educational services and 300 jobs overall in health care and social assistance.



? Leisure and hospitality reported the largest decline with an overall loss of 1,500 jobs.

Arts, entertainment and recreation decreased by 800, followed by a loss of 700 in

accommodation and food services.



? Trade, transportation, and utilities posted an overall loss of 200 jobs during the month,

also with scattered gains and losses throughout the industry.



Between September 2008 and September 2009, total nonfarm wage and salary employment

declined by 55,800, or 3.8 percent.



? Trade, transportation, and utilities reported the largest year-over decrease with an

overall loss of 16,900 jobs. Nearly 49 percent of the decline was reported in retail trade

(down 8,200 jobs), 46 percent was in wholesale trade (down 7,800 jobs) and 5 percent

in transportation, warehousing, and utilities (down 900 jobs).



? Construction payrolls declined by 10,500 jobs over the year. While cutbacks occurred in

every category, 82 percent of the job losses were in the specialty trade contractors

segment.



? Educational and health services posted the largest year-over growth with the addition of

1,600 jobs. While educational services lost 400 jobs overall, health care and social

assistance added 2,000 jobs, led by advances in hospital employment.</em>



The only reason the monthly numbers are up is due to seasonal hiring in education. Without those gains it would be a negative number. Don't get excited about the unemployment rate decreasing because people are running out of benefits and many are just dropping out of the labor force. If we have a normal 1% growth from population and comparing the amount of people in the labor force from last year, then you can add another 30K people to that unemployment number bringing the rate above 10%.
 
hah, so all the "hiring" was the teachers coming back to work after the summer break?



oh, and a few $8/hr home health care aides to assist everyone who is crapping their pants after losing their retirement incomes?
 
[quote author="graphrix" date=1255761790]<em>Orange County gains 5,700 jobs over the month, <strong>loses 55,800 jobs over the year</strong>



The unemployment rate in the Orange County was 9.4 percent in September 2009, down from a

revised 9.8 percent in August 2009, and above the year-ago estimate of 5.7 percent. This

compares with an unadjusted unemployment rate of 12.0 percent for California and 9.5 percent

for the nation during the same period.



Between August 2009 and September 2009, total nonfarm wage and salary employment rose

from 1,411,600 to 1,417,300, an increase of 5,700 jobs.



? Government posted the largest month-over employment increase with an overall gain of

5,100 jobs. Federal government lost 100 jobs, while state government showed no

change. Local government employment climbed by 5,200 jobs overall, primarily due to

seasonal gains in local government education following the summer recess.



? Educational and health services added 2,400 jobs with an increase of 2,100 jobs in

educational services and 300 jobs overall in health care and social assistance.



? Leisure and hospitality reported the largest decline with an overall loss of 1,500 jobs.

Arts, entertainment and recreation decreased by 800, followed by a loss of 700 in

accommodation and food services.



? Trade, transportation, and utilities posted an overall loss of 200 jobs during the month,

also with scattered gains and losses throughout the industry.



Between September 2008 and September 2009, total nonfarm wage and salary employment

declined by 55,800, or 3.8 percent.



? Trade, transportation, and utilities reported the largest year-over decrease with an

overall loss of 16,900 jobs. Nearly 49 percent of the decline was reported in retail trade

(down 8,200 jobs), 46 percent was in wholesale trade (down 7,800 jobs) and 5 percent

in transportation, warehousing, and utilities (down 900 jobs).



? Construction payrolls declined by 10,500 jobs over the year. While cutbacks occurred in

every category, 82 percent of the job losses were in the specialty trade contractors

segment.



? Educational and health services posted the largest year-over growth with the addition of

1,600 jobs. While educational services lost 400 jobs overall, health care and social

assistance added 2,000 jobs, led by advances in hospital employment.</em>



The only reason the monthly numbers are up is due to seasonal hiring in education. Without those gains it would be a negative number. Don't get excited about the unemployment rate decreasing because people are running out of benefits and many are just dropping out of the labor force. If we have a normal 1% growth from population and comparing the amount of people in the labor force from last year, then you can add another 30K people to that unemployment number bringing the rate above 10%.</blockquote>


Adding more to that report and the new California unemployment rate is now 12.2 than 12.3 from last month.



The drop in unemployment was attributed to the back-to-school season with education adding 2,100 local jobs. However the unemployment rate also eased because 12,800 people ? often described as "discouraged workers" ? left the work force after giving up on finding a job.



It is real convenient that the governments numbers always show the U3 which is the first 26 weeks, with extensions you are looking at close to 9 million people on unemployment in this country. This is because there are no jobs to find and the ones you do pay far less then unemployment if you look at gas costs and the money you need to spend just to go to work. if you look at the total with 12,800 people magically disappearing we are way above 18% unemployment with part timers disgruntled workers and those that have lost their benefits. The problem with this is these 12,800 are not paying taxes but most of these people have lost their unemployment benefits so they don't count. 70% of the economy is based on consumer spending so as they feed you this BS that things are getting better consumer spending will now start to tank especially with the Senate with their heads up there ass as they can not pass a fourth extension because Republicans worry how we will pay for it while people are going homeless and starving. Congress will need to do this for a long time or we will fall back into recession and they know it. We will have 1.5 million people who will lose there extended unemployment benefits by the end of the year which means no benefits no consumer spending. Tarp and cash for clunkers i guess are more important than starving Americans. Say hello to more job losses, foreclosures, BK's and more homelessness. We have a long way to go before things get better and 3.5 million homes going back to the banks projected this year and the same for next i see nothing but more pain for years to come...
 
[quote author="OCCOBRA" date=1255770145]

Adding more to that report and the new California unemployment rate is now 12.2 than 12.3 from last month.



The drop in unemployment was attributed to the back-to-school season with education adding 2,100 local jobs. However the unemployment rate also eased because 12,800 people ? often described as "discouraged workers" ? left the work force after giving up on finding a job.



It is real convenient that the governments numbers always show the U3 which is the first 26 weeks, with extensions you are looking at close to 9 million people on unemployment in this country. This is because there are no jobs to find and the ones you do pay far less then unemployment if you look at gas costs and the money you need to spend just to go to work. if you look at the total with 12,800 people magically disappearing we are way above 18% unemployment with part timers disgruntled workers and those that have lost their benefits. The problem with this is these 12,800 are not paying taxes but most of these people have lost their unemployment benefits so they don't count. 70% of the economy is based on consumer spending so as they feed you this BS that things are getting better consumer spending will now start to tank especially with the Senate with their heads up there ass as they can not pass a fourth extension because Republicans worry how we will pay for it while people are going homeless and starving. Congress will need to do this for a long time or we will fall back into recession and they know it. We will have 1.5 million people who will lose there extended unemployment benefits by the end of the year which means no benefits no consumer spending. Tarp and cash for clunkers i guess are more important than starving Americans. Say hello to more job losses, foreclosures, BK's and more homelessness. We have a long way to go before things get better and 3.5 million homes going back to the banks projected this year and the same for next i see nothing but more pain for years to come...</blockquote>




I read this week that over all US states, income tax revenue is down 30%, and sales tax is down 10%



Imagine what those numbers are in CA
 
<em>Orange County gains 8,200 jobs over the month, <strong>loses 52,000 jobs over the year</strong>



The unemployment rate in the Orange County was 9.6 percent in October 2009, up from a

revised 9.5 percent in September 2009, and above the year-ago estimate of 5.9 percent. This

compares with an unadjusted unemployment rate of 12.3 percent for California and 9.5 percent

for the nation during the same period.



Between September 2009 and October 2009, total nonfarm wage and salary employment

rose from 1,408,600 to 1,416,800, an increase of 8,200 jobs.



? Professional and business services posted the largest month-over gain with the addition

of 5,400 jobs. <strong>Nearly 43 percent of the growth was in administrative and support

services, which includes temporary help firms.</strong> (weak!)



? Government added 5,300 jobs over the month. Seasonal gains in state and local public

education, along with a gain of 300 jobs in federal government, offset minor job loses in

other state and local government sectors.



? Educational and health services recorded a gain of 1,300 jobs. Educational services

accounted for 85 percent of the growth, while the ambulatory health care services

segment was responsible for 15 percent.



? Sizable job declines occurred in construction (down 1,400 jobs), leisure and hospitality

(down 1,200 jobs) and manufacturing (down 1,000 jobs). Other services declined by 200

jobs, while all other major industries reported no overall change during the month.



Between October 2008 and October 2009, total nonfarm wage and salary employment

declined by 52,000, or 3.5 percent



? Trade, transportation, and utilities posted the largest year-over decline with a loss of

12,600 jobs. Nearly 67 percent of the decline was in retail trade, 26 percent in wholesale

trade and 7 percent was in transportation, warehousing and utilities.



? Construction recorded the second largest decline over the year with a cutback of 12,400

jobs. Over 77 percent of the job losses were in specialty trade contractors, 19 percent in

construction of buildings and 4 percent were in heavy and civil engineering construction.



? Educational and health services was the only major industry group to gain jobs over the

year, with an overall addition of 1,700 jobs. A loss of 400 jobs in educational services

was offset by an overall gain of 2,100 jobs in health care and social assistance.</em>



Typical seasonal monthly uptick in jobs. Still the YOY numbers are awful. Professional business services may be up for the month in temp help, but it was still down YOY. Plus... if you add in the 18,600 people who just mysteriously disappeared from the labor force that would bring the real unemployment rate up to 10.6%. But wait... you have to factor in population growth and people newly joining the labor force of at least 1%, and that would bring the real unemployment rate up to 11.5%.
 
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