Unemployment inches up in Napa County

23 Dec 2015 | Author: | No comments yet »

Colorado’s unemployment rate falls but jobs tighten in November.

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.Colorado’s job gains continue to taper from the robust growth enjoyed through much of the past year, but the state’s employment market is holding steady, labor department officials said Friday. 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.

Colorado recorded a net loss of about 2,100 jobs to 2,528,400 between October and November, according to preliminary employment estimates released by the Colorado Department of Labor and Employment. While complementary, the two surveys — one that measures jobs by work site and the other that measures persons employed by household — can show conflicting results. The latest estimates, which could be later revised when quarterly employment surveys are released, align with other recent observations about the health of Colorado’s economy: that the state is experiencing “solid modest growth.” Unemployment insurance claims haven’t seen a spike, employers continue to recruit, and online job postings remain at comparable levels to last year, said Alexandra Hall, the state’s chief economist. 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. The construction sector and leisure and hospitality industry boasted the largest month-over-month employment gains, adding 2,200 jobs and 1,000 jobs, respectively, according to seasonally adjusted data. “There was hope for a reversal of this downward trend in October, when there was a significant uptick in the number of seasonally adjusted jobs,” Horvath wrote via e-mail to The Denver Post. “This proved to be an anomaly as the preliminary estimate has been revised downwards and the data for November reports a loss of 2,100 jobs.”

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. However, many of them are temporary jobs added to help stores keep up with holiday shoppers. • Construction and Leisure-Hospitality, adding 8,200 jobs each in the year ending in November. Demand for health care also is up due to the aging of the population and greater access to health insurance. • Manufacturing grew year-over-year by 4,100 jobs thanks to expansion in computers and electronics and the durable goods sectors, area economists said.

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