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Laguna Hills
Wednesday, Feb 1, 2023

OC Adds Jobs But Unemployment Up

The unemployment rate in Orange County ticked up in May despite an increase of 13,000 jobs.

The rate, not seasonally adjusted, was 4.2% versus 4.1% in April and 5.2% a year earlier, according to the state Employment Development Department.

Orange County now has 1,545,800 jobs, up 3.4% over May 2014.

California’s unemployment rate, not seasonally adjusted, was 6.2% compared with 6.1% in April and 7.2% a year earlier. Nationwide, the unadjusted rate was 5.3% versus 5.1% in April and 6.1% a year earlier.

Seasonally adjusted numbers, which are more widely reported, indicate California’s jobless rate was 6.4% and the nationwide rate 5.5%.

The number of jobs in the education and health services sector increased by 2,900, with nearly 90% of the growth occurring in healthcare and social assistance. The sector has 202,300 jobs, up 6.4% year-over-year.

Leisure and hospitality jobs also increased by 2,900, with about 55% of the growth in arts, entertainment and recreation, and the rest occurring in accommodation and food services. The sector has grown by 2.5% over the past year to 200,000 jobs.

The number of jobs in trade, transportation and utilities increased by 2,400 to 259,700. That’s up about 2.2% year-over-year.

Construction jobs rose by 400 to 88,200. The sector grew 8.9% over the year.

Employers in the professional and business services sector made 1,400 net hires last month. The sector has 283,600 jobs, up 3.6% over the year.

The financial services sector was the only industry category that reported a decrease in the number of jobs, down 600. The cutbacks came mostly from real estate and rental and leasing businesses, according to the EDD.

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