California’s Unemployment Rate Dips To 5.7%

23 Dec 2015 | Author: | No comments yet »

Houston’s unemployment rate climbs to 4.9 percent amid energy slump.

Orange County’s economy continued to add jobs in November, outpacing national payroll growth, and the local unemployment rate dipped further, according to data released Friday by state officials. NEW ORLEANS (AP) — Louisiana’s unemployment rate ticked up in November, with the number of jobless people rising even as people exited the labor force.

Houston’s unemployment rate crept higher in November as the region continued reeling from the fallout of an oil bust that has reached into factories and office buildings. The unemployment rate in Orange County slid to 4.2 percent in November from 4.3 percent the month before, the state Employment Development Department reported. A separate survey showed payrolls flat in November, but more than 11,000 lower than in November 2014, a warning that Louisiana’s economy may be shrinking. The state’s unemployment rate increased from 4.4 percent in October to 4.6 percent, making Texas the only state aside from Illinois that posted significant increases in its jobless rate at a time when national rates remained relatively flat, according to the U.S. The trade, transportation and utilities industry shed 3,400 jobs in the past month while leisure and hospitality cut 2,300 positions statewide during the same time period.

In a surprising twist, the mining and logging industry, which includes exploration and production and oil field services, gained 1,600 jobs across Texas, a 0.6 percent increase over the previous month. In all, Texas added 16,300 jobs, with more than half the increase coming from the construction industry, according to seasonally adjusted state numbers measuring non-farm employment, the Texas Workforce Commission reported.

Last month’s year-over-year gain was down from the first half of the year, when employment was up an average of 50,000 each month from 2014 levels. “The pace is tapering,” said Esmael Adibi, director of Chapman University’s Anderson Center for Economic Research. “The reason is we did some catch-up hiring at the beginning of the year. You can’t sustain (job growth) over 3 percent.” Nonetheless, local job growth still outpaces the national average of 1.9 percent, said Stephen Levy, director of the Center for Continuing Study of the California Economy.

Government jobs – which include teaching positions at public schools and state colleges – were up 5,600 year-over-year in November, due in part to expanding budgets for state and local governments. The five-county Southern California region had a total non-farm payroll of 7.6 million jobs, up 166,800, or 2.2 percent, said Robert Kleinhenz, chief economist for the Los Angeles Economic Development Corp. “In Southern California, every region saw decreases in unemployment rates and job gains in key industries such as health care, professional and business services, construction, and leisure and hospitality,” Kleinhenz said.

Here you can write a commentary on the recording "California’s Unemployment Rate Dips To 5.7%".

* Required fields
All the reviews are moderated.
Our partners
Follow us
Contact us
Our contacts

About this site