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OC Unemployment Rises to 4.2%, Highest in 2 Years

Jobs fall 24,700 in widespread decline in January

Orange County’s unemployment rate rose to 4.2% in January, the highest level in two years.

It’s up from a revised 3.8% in December and above the 3.4% rate seen in January last year, according to the state’s Employment Development Department.

The state’s unemployment rate was 5.7% in January while the U.S.’s was 4.1%.

Nonfarm OC employment decreased by 24,700 jobs from December to January when 1.68 million were employed.

Ten of the 11 industry sectors saw job declines.

Leading the job decrease was the trade, transportation and utilities sector, which fell 6,800 jobs, particularly retail trade that was down 5,500. Leisure and hospitality had the next biggest decline, down 6,200 jobs.

About 18 million worked in California in January, an increase of 58,100 nonfarm payroll jobs from December and up about 225,400 jobs from a year earlier.

Ten of the 11 industry sectors added jobs month-over-month, led by private education and health services, up 18,100.

People receiving unemployment benefits rose by 15,669 to 392,541.

 

 

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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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