Local Unemployment at 6.4 Percent
Published: Friday, August 15, 2008 12:09 PM PDT
The local unemployment rate was 6.4 percent last month, according to preliminary numbers released by the state Employment Development Department this morning.
That's up from 6.0 percent in June, and up 1.5 percent from last July's estimate of 4.9 percent.
In the same period, California's rate was 7.6 percent and the nationwide rate was 6.0 percent.
Overall, the region had fewer jobs in July than it had in the same month in 2007, continuing the year-over-year job loss pattern that led economists last month to concede the region is in a recession.
0 Comments so far on this story...
Reader feedback
- Users may post more than one comment, but should not pose as multiple users. Multiple posts from the same IP address but with a different user name on each will be reviewed to determine whether abuse has occurred.
- Posts with overly personal attacks or unsubstantiated allegations may be edited or deleted.
- Please be patient with the posts -- there may be a delay before they appear on the site -- and make sure to enter the code in the "image verification" box.
|