Unemployment Rate Dropped Slightly in January

By City News Service

(CNS) – The seasonally adjusted unemployment rate in Los Angeles County dropped to 11.8 percent in January, down from a revised 12 percent in December, the state Employment Development Department announced on March 9.

The 11.8 percent unemployment rate was below the 12.5 percent rate in January 2011, according to the EDD.

In Orange County, where seasonally adjusted numbers were not available, the unemployment rate was 8 percent in January.

California’s jobless rate was 10.9 percent in January, down from 11.2 percent in December and below the rate in January 2011, when the rate was 12.1 percent, according to the EDD.

The comparable estimates for the nation were 8.3 percent in January, 8.5 percent in December and 9.1 percent a year ago.

Total non-farm employment decreased by 84,900 jobs in Los Angeles County between December and January to reach 3.77 million. The largest drop was in the information sector, which posted a gain of 25,600 jobs.

A total of 579,000 people were unemployed in January in Los Angeles County, which has a labor force of about 4.92 million.

Statewide, 2.02 million people were out of work, down slightly from the previously month.

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March 15, 2012  Copyright © 2012 Eastern Group Publications, Inc.

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