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OC Unemployment Falls to 4.0% in November

4,200 job increase led by retail trade

Orange County’s unemployment rate fell to 4.0% in November from a revised 4.2% in October and above the 3.8% rate seen in November last year, according to the state’s Employment Development Department.

The state’s unemployment rate fell to 5.3% from 5.4% in October. The U.S.’s was 4.0%.

Nonfarm OC employment increased by 4,200 jobs from September to October when 1.72 million were employed.

Six of the 11 industry sectors saw job increases.

Leading the job increase was trade, transportation and utilities, up 4,200 jobs. About 3,500 of these jobs were in retail trade.

The construction sector fell the most, 2,100 jobs.

About 18.1 million worked in California in October, an increase of 11,100 nonfarm jobs from October and up about 208,500 jobs from a year earlier.

Five of the 11 industry sectors added jobs month-over-month, led by private education and health services, up 13,100.

People receiving unemployment benefits rose by 20,614 to 364,202.

 

 

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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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