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OC August Unemployment Jumps to Highest in 20 Months

Unemployment rises to 3.9% from 3.6% in July

Orange County’s unemployment rate rose to 3.9% in August — the highest in 20 months — from a revised 3.6% in July and above the 3.2% rate seen in August last year, according to the state’s Employment Development Department.

It’s the highest level since 4.2% in January 2022.

The state’s unemployment rate was 5.1% in August while the U.S.’s was 3.9%.

Still, nonfarm OC employment gained 4,100 jobs from July to August when 1.71 million were employed.

The county has surpassed the February 2020 pre-pandemic employment level of 1.68 million jobs.

Six of the 11 industry sectors saw job increases.

Leading the job increase were private education and health services, increasing 3,000 jobs. Also up were government, 1,700, and manufacturing, up 1,000.

Two sectors had declines, construction, down 900, and leisure and hospitality, down 900.

About 18.1 million worked in California in August, an increase of 23,100 nonfarm payroll jobs from July and up about 335,200 jobs from a year earlier.

Seven of the 11 industry sectors added jobs month-over-month, led by private education and health services, up 14,000.

Most of the losses came in the information sector, down 9,000, because of the writers and actors’ strikes.

People receiving unemployment benefits fell by 6,988 to 394,757.

 

 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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