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Wednesday, Feb 19, 2025
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OC Unemployment Drops to 4.7%

The Orange County unadjusted unemployment rate fell to 4.7% in October, down from a revised 5.0% in September and below the year-ago estimate of 8.2%, according to the California Employment Development Department.That compares to an unadjusted unemployment rate of 6.1% for California and 4.3% for the U.S. during the same period.Total non-farm employment in OC rose by 19,800 jobs to 1.62 million in October.

Government reported the largest growth with an addition of 6,300 jobs, led by local government education.

Also increasing were professional and business services, up 4,800, mostly in administrative and support positions, particularly temporary help firms.

Also up were trade, transportation and utilities, up 2,400, and leisure and hospitality, up 2,200.

The state added 96,800 non-farm jobs in October for a total of 16.8 million jobs. In October of 2020, 16 million were employed.California has now regained 67% of the 2.7 million nonfarm jobs lost during March and April of 2020 as a direct result of the COVID-19 pandemic, the EDD said.

Ten of California’s 11 industry sectors gained jobs in October, led by professional and business services, up 39,500. Also gaining were leisure and hospitality sector, up 21,500, and trade, transportation and utilities, up 14,900.

There were 463,257 workers in California certifying for unemployment insurance benefits in October, down 30,730 from September. Concurrently, 59,879 new claims were processed in October, a decrease of 18,999 from September.

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

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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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