54 F
Laguna Hills
Wednesday, Feb 21, 2024
-Advertisement-

OC Unemployment Rate Unchanged at 3.4%

Job count down 700

Orange County’s unemployment rate was 3.4% in March, unchanged from 3.4% in February and above the 3.3% seen in March last year, according to the state’s Employment Development Department.

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

Nonfarm OC employment declined 700 jobs from February to March when 1.69 million were employed.

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

Six of the 11 industry sectors saw job losses.

Leading the job decline was the professional and business services sector, down 1,300, mostly in  the categories of professional, scientific and technical services. Other sectors reporting declines were financial activities, down 1,200 jobs and trade transportation and utilities, off 900 jobs.

The biggest sector to increase was leisure and hospitality, which added 1,600 jobs.

 

 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

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.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-