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OC Unemployment Drops to 2.8% in July

Leisure and Hospitality lead gains for sixth straight month

Orange County’s unemployment rate fell to 2.8% in July from a revised 2.9% in June and below the 6.4% rate seen in July last year, according to the state’s Employment Development Department.

The state’s unemployment rate was 3.9% in July while the U.S.’s was 3.8%.

Nonfarm OC employment gained 5,600 jobs from June to July when 1.66 million were employed.

The county remains below the February 2020 pre-pandemic employment level of 1.68 million jobs. The OC economy added 73,400 jobs since July 2021.

Eight of the 11 industry sectors saw job increases.

For the sixth straight month, leading the job increase was the leisure and hospitality sector, which added 6,500 jobs, with the gains centered around arts, entertainment and recreation. Food services and drinking places were also up 2,500 jobs.

Professional and business services were up 4,100 jobs while construction added 3,600 and manufacturing 2,900.

Government shed 15,800 jobs.

About 17.6 million worked in California in July, an increase of 84,800 nonfarm payroll jobs from June and up about 740,000 jobs from a year earlier.

The state has now recovered 97% of the 2.76 million jobs lost in March and April of 2020 due to the pandemic.

Ten of the 11 industry sectors added jobs month-over-month, led by professional and business services and educational and health services, which each added 20,500 jobs.

Financial activities was the only sector to post job loss, down 1,900, mainly to reductions in insurance carriers.

People receiving unemployment benefits rose by 19,693 to 316,263, up from 296,570 in June.

 

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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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