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Laguna Hills
Wednesday, Feb 21, 2024

OC Unemployment Continues Falling to 9.0%

Orange County’s unadjusted unemployment rate fell to 9.0% in September, down from a revised 9.5% in August, according to the state Employment Development Department. A year ago, the September unemployment rate was 2.5%.

This rate compares with California’s September unemployment rate of 10.8% and the U.S.’s 7.7%. The most recent numbers for the county, state and U.S. aren’t seasonally adjusted.

Orange County gained 30,100 jobs for a total of 1.51 million nonfarm employment.

Chapman University in June predicted OC jobs should rise back up to almost 1.6 million by the end of the year, translating into a jobless rate around 6.7% in the final quarter of the year.

The biggest increase was the government sector, which added 9,900 jobs, led by teachers returning to the virtual classroom following the summer break.

Professional services added 7,400 jobs, led by an increase in administrative support, including many temporary help firms.

Other sectors with gains included leisure and hospitality, 5,200, and educational and health services, up 4,600.

The state added 96,000 jobs in September, for a total of 16 million jobs. In September of 2019, 17.5 million were employed.

California has now regained more than a third, 38%, of the 2,615,800 nonfarm jobs lost during March and April as a direct result of the COVID-19 pandemic, the EDD said in a statement.

Seven of California’s 11 industry sectors gained jobs in September.

Leisure and hospitality rose the most, 48,400 jobs. Trade, transportation and utilities climbed 30,600, aided by gains n retail trade, specifically clothing stores.

Government fell the most, 14,300, due to losses in census worker employment.

There were 2.8 million workers certifying for unemployment insurance benefits in September, down 35,671 from August. Concurrently, 226,272 initial claims were processed in September, an increase of 29,417 from August.

Go here for more updates on how OC companies are responding to the coronavirus pandemic.

For ongoing, in-depth coverage of COVID-19’s effects on OC businesses, see the Monday print edition of the Business Journal.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.

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