Calif Employment Report (excerpt)
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California’s Nonfarm Payroll Jobs Increase by 39,000 Unemployment Rate Unchanged at 12.4 Percent SACRAMENTO – California’s unemployment rate was unchanged at 12.4 percent in October, and nonfarm payroll jobs increased by 39,000 during the month, according to data released today by the California Employment Development Department (EDD) from two separate surveys. The U.S. unemployment rate also was unchanged in October at 9.6 percent. In October 2009, the unemployment rate in California was 12.2 percent. The unemployment rate is derived from a federal survey of 5,500 California households. Nonfarm jobs in California totaled 13,857,500 in October, an increase of 39,000 jobs over the month, according to a survey of businesses that is larger and less variable statistically. The survey of 42,000 California businesses measures jobs in the economy. The year-over-year change (October 2009 to October 2010) shows a decrease of 27,400 jobs (down 0.2 percent). EMPLOYMENT AND UNEMPLOYMENT IN CALIFORNIA The federal survey of households, done with a smaller sample than the survey of employers, shows a decrease in the number of employed people during the month. It estimates the number of Californians holding jobs in October was 15,972,000, a decrease of 3,000 from September, but up 33,000 from the employment total in October of last year. The number of people unemployed in California was 2,258,000 – down by 10,000 over the month, but up by 42,000 compared with October of last year. ------------------- PAYROLL EMPLOYMENT DETAIL (SEASONALLY ADJUSTED) EDD’s report on payroll employment (wage and salary jobs) in the nonfarm industries of California totaled 13,857,500 in October, a net gain of 39,000 jobs since the September survey. This followed a loss of 53,600 jobs (as revised) in September. Eight categories (construction; manufacturing; trade, transportation and utilities; professional and business services; educational and health services; leisure and hospitality; other services; and government) added jobs over the month, gaining 46,500 jobs. Professional and business services posted the largest increase over the month, adding 14,800 jobs. Three categories (mining and logging; information; and financial activities) reported job declines this month, down 7,500 jobs. Financial activities posted the largest decline over the month, down by 4,300 jobs. In a year-over-year comparison (October 2009 to October 2010), nonfarm payroll employment in California decreased by 27,400 jobs (down 0.2 percent). Five industry divisions (mining and logging; professional and business services; educational and health services; leisure and hospitality; and other services) posted job gains over the year, adding 87,000 jobs. Professional and business services recorded the largest increase over the year on a numerical basis, up 58,600 jobs (a 2.9 percent increase). Mining and logging recorded the largest increase over the year on a percentage basis, up 3.7 percent (an increase of 900 jobs). Six categories (construction; manufacturing; trade, transportation and utilities; information; financial activities; and government) posted job declines over the year, down 114,400 jobs. Construction employment showed the largest decline over the year on both a numerical and percentage basis, down by 45,700 jobs (a decline of 7.9 percent). UNEMPLOYMENT INSURANCE CLAIMS (NOT SEASONALLY ADJUSTED) In related data, the EDD reported that there were 592,475 people receiving regular unemployment insurance benefits during the October survey week. This compares with 595,996 last month and 740,272 last year. At the same time, new claims for unemployment insurance were 67,168 in October 2010, compared with 75,316 in September and 83,475 in October of last year.