News

State's unemployment rate rose to 12.5% in January, report shows

Up from 9.7% rate a year ago, new figures ties with October 2009 rate that was highest since surveys began

California's unemployment rate in January rose slightly from the month before, with an eighth of the state's eligible workers reporting being jobless, according to the latest figures from the state Employment Development Department.

The state's unemployment rate was 12.5 percent in January, up from 12.3 percent in December and much higher than the 9.7 percent rate in January 2009.

January's rate is tied for October 2009 as the highest unemployment rate since the department began record keeping in 1976.

According to a survey of businesses, California has 32,500 more nonfarm payroll jobs than it did in December.

However, the federal survey of California households, from which the unemployment rate is derived, showed that the number of Californians holding jobs decreased by about 18,000 from December to January.

Only one industry division, educational and health services, has posted job gains over the past year, adding 12,400 jobs for a 0.7 percent increase.

Gov. Arnold Schwarzenegger said in a prepared statement today that the report shows the need to create jobs in the state.

"While I am encouraged by the news that over 32,000 jobs were added last month, today's employment data reinforces the immediate need to create jobs for out-of-work Californians," Schwarzenegger said.

"There are real people behind these statistics and they deserve real action by their elected officials," he said.

While the state unemployment rate rose over the course of January, the national unemployment rate dropped from 10.0 percent in December to 9.7 percent in January, according to the report.

Dan McMenamin, Bay City News

Comments

Like this comment
Posted by Stacey
a resident of Amberwood/Wood Meadows
on Mar 15, 2010 at 12:02 pm

Stacey is a registered user.

"Only one industry division, educational and health services, has posted job gains over the past year, adding 12,400 jobs for a 0.7 percent increase."

Is this private sector, public sector, or both?


Like this comment
Posted by Dark Corners of Town
a resident of Country Fair
on Mar 15, 2010 at 12:34 pm

This might help providing CA is using NAICS.

Web Link


Like this comment
Posted by Stacey
a resident of Amberwood/Wood Meadows
on Mar 15, 2010 at 12:49 pm

Stacey is a registered user.

It looks like it could be both. This article just uses information published in the EDD's press release: Web Link

It looks like the 0.7% increase is from the "seasonally adjusted" data set. "For the state, we release two series of data – seasonally–adjusted and not seasonally adjusted. The greatest detail is provided for the not seasonally adjusted series. These are the data you should use to compare the California statewide data with other geographic areas in the state. See the article, "What Is a Seasonal Adjustment?" for more information." Web Link "Seasonally adjusted data are useful when comparing several months of data. Annual average estimates are calculated from the not seasonally adjusted data series. "

Not seasonally adjusted: Web Link

Seasonally adjusted: Web Link


Sorry, but further commenting on this topic has been closed.

Great rankings for Pleasanton high schools
By pleasantonweekly.com | 40 comments | 1,071 views

Livermore veteran, 96, has reason to be proud
By Jeb Bing | 2 comments | 619 views