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Tuesday, Feb 18, 2025
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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.

 

 

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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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