Sociable

Friday, October 22, 2010

California unemployment rate stays unchanged at 12.4%

This really hurts the demand for housing, because without jobs or working part-time can't purchase homes.  I'm trying to find the underemployement rate.

California, which has the nation's third-highest jobless rate, lost 63,600 jobs last month, with losses largely from the construction and government sectors. L.A. County's unemployment rate is 12.6%.
Orange County's unemploymenty rate was also unchanged at 9.6%. That area added 4,600 jobs in government and education and health services. The government job gains were related to the beginning of the school year, the EDD said.
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