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OC Unemployment Stays at 3.7%

Gains widespread on 20,500 increase

Orange County’s unemployment rate stayed at 3.7% in October, unchanged from a revised 3.7% in September and above the 3.0% rate seen in October last year, according to the state’s Employment Development Department.

The state’s unemployment rate was 4.8% in October while the U.S.’s was 3.6%.

Nonfarm OC employment gained 20,500 jobs from September to October when 1.74 million were employed.

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

Nine of the 11 industry sectors saw job increases.

Leading the job increase was the government sector, 5,800, particularly the local government, which added 3,900 jobs.  Professional and business services added 4,400 jobs while two areas each added 3,000 jobs: the private education and health services sector  and the trade, transportation and utilities sector.

Manufacturing was the only sector reporting a decline, 1,200 jobs.

About 18.2 million worked in California in October, an increase of 40,200 nonfarm payroll jobs from September and up about 285,200 jobs from a year earlier.

Ten of the 11 industry sectors added jobs month-over-month, led by private education and health services, 13,200.

Financial activities was the only sector declining, falling 300 jobs.

People receiving unemployment benefits fell by 11,784 to 356,668.

 

 

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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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