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Thursday, Mar 28, 2024
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County’s Yearly Job Losses Break 25,000 Mark

Yearly job losses in the county broke the 25,000 mark in June, according to the state’s Employment Development Department.

The county’s annual loss of 25,400 jobs in June is a jump up from the average 20,000 jobs lost each month on a yearly basis for most of this year.

The 1.7% drop in employment was driven by lost financial, construction, manufacturing and government jobs.

The decline marks the eighth straight month of yearly job losses for the county since November. The county had 1.6 million nonfarm jobs in June.

The county’s unemployment rate was 5.2% in June, up from a revised 4.8% in May and 4% a year earlier.

On a monthly basis, the county picked up about 2,000 jobs in June from May, a 0.1% increase.

Trade, transportation and utilities, led the gain, along with retail and leisure and hospitality.

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