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More jobs lost in Los Angeles County than late last year
LOS ANGELES, March 10 (Xinhua) -- The Los Angeles County has still to walk out of a recession quagmire as unemployment in January has registered an increase from December as well as the same time last year, according to the latest statistics released by t
LOS ANGELES, March 10 (Xinhua) -- The Los Angeles County has still to walk out of a recession quagmire as unemployment in January has registered an increase from December as well as the same time last year, according to the latest statistics released by the California State Economic Development Department (EDD) on Wednesday.
According to the EDD, the seasonally adjusted unemployment rate rose to 12.5 percent in January, up from a revised 12.3 percent in December. A total of 606,000 people were unemployed in January in the area, which has a combined labor force of about 4.8 million.
The 12.5-percent unemployment rate was well above the 10.1- percent rate in January 2009, according to the EDD.
Statewide, jobless rate rose to 12.5 percent in January, up from 12.3 percent in December and above the January 2009 rate of 9. 7 percent. A total of 2.27 million people were out of work, up from 2.23 million in December across the state.
The comparable estimates for the nation were 9.7 percent in January, 10 percent in December and 7.7 percent for January 2009. The comparison is evident that the county, as well as the state, has continued to suffer in the dismal economy.
Between December and January, total nonfarm employment declined by 73,700 jobs in Los Angeles County to reach about 3.7 million.
Trade, transportation and utilities lost 21,900 jobs over the month, with retail trade losing 16,300 jobs.
Job declines in retail trade are common this time of the year as the holiday season ends, the EDD pointed out.
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