81.6 F
Laguna Hills
Sunday, Jul 14, 2024
-Advertisement-

OC Unemployment Falls to 3.6% in July

Declines 9,000 jobs due to summer recess

Orange County’s unemployment rate fell to 3.6% in July from a revised 3.7% in June and above the 3.2% rate seen in July last year, according to the state’s Employment Development Department.

The state’s unemployment rate was 4.8% in July while the U.S.’s was 3.8%.

Nonfarm OC employment fell by 9,000 jobs from June to July when 1.71 million were employed.

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

The government sector reported the largest monthly decline, 13,600, led by local government, down 12,400 due to the summer recess. Construction, 700 jobs, private education and health services, 300, and manufacturing, 100, were also down.

Six of the 11 industry sectors saw job increases.

Leading the job increase was the leisure and hospitality sector, which added 2,400, led by accommodation and food services.

About 18.1 million worked in California in July, an increase of 27,900 nonfarm payroll jobs from June and up about 363,600 jobs from a year earlier.

Seven of the 11 industry sectors added jobs month-over-month, led by government, 15,000.

Professional and business services was the biggest decliner, off 11,400.

People receiving unemployment benefits rose by 16,904 to 401,745.

 

 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

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.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-