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Wednesday, Dec 11, 2024
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OC Unemployment Remains 4.1% in October

11,400 job increase led by health, private education

Orange County’s unemployment rate remained unchanged at 4.1% in October, the same as a revised 4.1% in September and above the 3.9% rate seen in October last year, according to the state’s Employment Development Department.

The state’s unemployment rate rose to 5.4% in October from 5.3% in September and 5.1% in October last year. The U.S.’s was 3.9%.

Nonfarm OC employment increased by 11,400 jobs from September to October when 1.72 million were employed.

Eight of the 11 industry sectors saw job increases.

Leading the job increase was the private education and health services, up 3,000. Government expanded by 2,900 jobs. Other large increases occurred in trade, transportation and utilities, up 2,700 jobs and professional and business services, up 1,700 jobs.

About 18.1 million worked in California in October, a decline of 5,500 nonfarm jobs from September and up about 212,100 jobs from a year earlier.

Five of the 11 industry sectors added jobs month-over-month, led by private education and health services, up 9,400.

People receiving unemployment benefits fell by 15,832 to 343,588.

 

 

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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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